Ending Joint Tenancies

If you wish to end a joint tenancy, usually following divorce or separation, you and your ex partner can decide who should remain in the home and take over the lease with the agreement of Plumlife and the mortgage lender. If you have a joint mortgage there will be a transfer from a mortgage in both names to a mortgage in only one name and the building society or bank will release one party from mortgage responsibility. However, if you and your ex partner cannot agree who should remain the court may decide who has the right to stay in the home or order the property to be sold. To end a joint tenancy with Plumlife there will need to be a transfer to one name only on your lease. You will need to get a solicitor involved so that the lease can be legally amended. There will also have to be a re-registration of the land title (for which a transfer and administration fee is required.