Need a little advice on mortgages!
If a person has a joint mortgage, but wants their name off that and the other person wants to take on the whole mortgage, does that person need to go and apply for a whole new mortgage, or is it just a case of signing some papers? If so, what is the fee for doing this? I know there's a charge if you want to cancel the mortgage before the arranged length of time has elapsed, but I'm not sure about what happens in this situation!
Hope that makes sense!