house deeds

[cresentmoon]

my daughters bought a house together, daughter no1 is now buying a house with boyfriend, leaving the other at the original house. daughter no 2 wants her sister taken of the mortagage and house deeds as there is not come back on her is that possible. daughter no2 had to have daughter no1 to get the mortgage although she earns more but had no credit history, what can be done if anything thanks

[bednobs]

you cant just "take someone off" a mortgage. If they have a joint mortgage, she is individually and jointly responsible for the payments. The daughter still in the house will have to re-mortgage in her own name on her own. What about any money that the hpuse has appreciated by in the time they have had it (equity) - will it all go to the 2nd daughter when she sells up?

[Pippa68]

I agree with bednobs. I don't see any reason why the daughter number 1 should be taken off the mortgage or deeds unless she wants to?

In which case daughter number 2 will either have to sell the house to give daughter number 1 the profit she is entitled to or daughter number 2 must try and buy number 1 out.