Transfer of title to my home to a friend

[Hulk1976]

Hi! I bought a 3 bedroom house 6 months ago in England, Blackburn (myself live in Gillingham, Kent). The house market value was 85 000 back then, I put down about 10 000 for mortgage - it was my second house I have bought in this country. Monthly mortgage payments are around 450 with an insurance - all of which covered by tenants living inside and who have 4 year rent contract. I want to transfer the house to my friends name, mainly because I need to leave the country for a family emergency back in Sweden and need cash ASAP. My friend is willing to give me 12 000 in cash in condition I transfer the house to his name, in other words give up the ownership, which is perfectly ok with me. Whats the best way to go about it? Can I make it like a gift transfer? And how much should I be expecting to pay for taxes and legal fees for this change of ownership?
Many thanks in advance for your time and answer.
Hugo Berg

[Ethel]

You can't transfer the house to his name without the mortgage company agreeing to transfer the mortgage to him.

All you're transferring really is a debt.

Talk to the mortgage company