Joint property ownership

[endofthelinefinally]

If a property is owned by 3 people and one person wants to remove their name, how easy is that to do?
Parents have bought a flat and put their names and the name of their son as joint owners.
Son wants to take his name off. He didn't contribute any money. No mortgage.
I don't know any other details but I am always saying how useful MN is, so have been asked to ask the question.
I have suggested they go back to the solicitor who did the original purchase, but they still want me to ask.
TIA.

Whose name is the mortgage in?

Sorry, I'll read that properly. Ignore me

Why does he want to remove his name?

Transfer of equity. Solicitor will do. Costs about £300

I presume he wants to remove his name because he wants to purchase another property possibly with you ?

I don't think he'd pass as a first time buyer for anything even if he was removed though.

I don't know why he wants to remove his name.
Thanks very much to everyone for replying so quickly.
So they need to see a solicitor and ask about transfer of equity. I will pass that on.

He isn't my family.
His parents are friends of DH. I dont really want to get dragged in tbh.

I hope there is nothing dodgy about it, but it really isn't anything I am involved in. The son has just got married so maybe that is a factor.

@ChicCroissant is correct because he's already been on the deeds of a property.

I have said that I think they should pay a solicitor for proper advice. Preferably the one they used to buy the property. IMO it would be money well spent. They can afford it.

@endofthelinefinally possibly to do with the marriage. Parents might be protecting their asset.

Ahh. Maybe that is it.
Oh well I hope they sort it out amicably.

They should take advice. Eg inheritance tax may be less if he stays on but if he divorces later his wife might get half or more of his share.
If the property is mortgaged and the mortgage is based on the son's earnings in part the mortgage company may not agree to taking him off.

If he is taken off as someone said above he may not then qualify for a first time buyer stamp duty reduction but he would not then be a buying a second home extra 3% category either which may be his reason to want to come off.

Thank you.
There is no mortgage, but I think the marriage is significant.
I am staying out of it now.
They need to get professional advice.