How can you sell a house with a mortgage?

Phew Conveyancing20 Apr, 2022Real Estate

In simple terms, all you need is the consent of a lienholder. Or, if we discuss in technical terms, you need an escrow account from where your mortgage is paid off from the payment you received from the buyer. Most of the time, the value of the mortgage on the house is less than the value of the house. Thus, you can pay the bank the mortgage amount. Your conveyancing solicitor will take care of the process. The title is passed to the buyer once the mortgage is paid off.