My partner and I have separated and she is remaining in the house that we purchased jointly. We have agreed a settlement figure to be paid which will be financed by her family. My partners salary will cover the existing mortgage committment.
I am looking for a detailed description of the process. My basic understanding is that once the mortgage company agrees then a transfer of deeds is drawn up by a solicitor which both parties sign. The deeds would then transfer to my partner upon payment of the settlement.
Speak to your lender about how they will deal with their part of the "Transfer of Equity" process. As all lenders have their own version of what they do, it is not possible to be precise here but rely on what they tell you.