This process is related to the removal of a borrower from the title of the property, for example changing from a joint to a single ownership. In order to proceed with your request, we will require the following:
• Written confirmation of the Solicitors acting in the Transfer of Equity (please complete the Solicitor Details Requirement form on page 13 of the Customer Information Pack).
• An administration fee (£75 Home Buy Direct & First Buy; or £50 for all other loan types) which can be paid online using the following details:
Account Name: Elderbridge re:HCA
Sort Code: 40-05-30
Account Number: 14290879
Reference: Please use your Target HCA Customer Reference, or Surname and Postcode.
Once we have received your documents and administration fee we aim to process your initial request within 7-10 working days and will contact you and your solicitor accordingly.
We are unable to add another party onto an existing agreement under our administration or provide advice on alternative options. We recommend you seek independent financial or legal advice to discuss your options.
If you any further questions, please see our Frequently Asked Questions. Alternatively, you can contact our Customer Service Team Monday to Friday 9am to 5pm (excluding UK bank holidays) on 0345 848 0235.