Changing name on Mortgage

[techmoan]

Anyone know the process to go about this?

Basically I live with my brother. I wish to move out and find a new place with my other half and he wishes to remain at the current property with his other half. So essentially need to remove myself from the mortgage and add my brothers other half.

Sounds simple but I'm sure it's not.

[techmoan]

essayer said:

Presumably his other half is buying your share of the property too..?

Yes she's simply going to give me cash for my half of the profit.

[techmoan]

deckster said:

No she's not.

You are selling half of a house. She is buying half of a house.

This isn't difficult, but it's also not as simple as you think it might be so as has been said get some professional advice.

Ok house is mortgaged at 190,000 current value is 250,000 that is 60,000 "profit"

Why can't she simple pay me half of that 30,000 then I just remove my name and they remortgage with her name?