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To remove your name from a mortgage, you and your co-borrower can ask the lender for an assumption or modification that would remove your name from the loan. If the lender won't change the existing loan, your co-borrower will need to refinance the home into a new mortgage. Does it cost to remove a name from a mortgage?
In Ontario, title transfers are completed by lawyers ? a process that takes on average 5 to 10 business days. Once the lender approves the transfer, you can then engage a lawyer. At Khan Law, our lawyers will begin by conducting a title search to validate title ownership.
You simply need to send a letter to the Land Registry office requesting the name change, together with either the original or a certified copy of your marriage certificate.
To get started you'll need either a marriage certificate or a deed poll. You can go back to your former name even if you're not divorced! Whatever your situation, we refer to this document as your certificate. Financial institutions and government departments may ask for additional documents to safeguard your identity.
In Ontario, title transfers can only be completed by a lawyer. This ensures the change of ownership is documented accurately, and keeps you, the buyer, from being burdened with the details and complexities of the title transfer process.