My partner and I are separating. We have lived together five years and have a mortgage which we got last year. If I had my name removed from the mortgage, what would happen to the monies I have already put into it and the house and posessions?
Your lender has two people obligated to pay. What is their incentive to release you? If there isn't any, likely they won't.
When a couple divorces and a court awards the debt to one of them, if that debt isn't paid the lender still asks the other party signed on the loan for payment. The divorce court may step in and say the party who is supposed to pay is violating a court order, but the divorce court is not empowered to release one party from the obligation with the lender.
Now, you don't indicate there is a formal marriage or divorce in your scenario, so it is less formalized and there is less chance you'll be released from this obligation.
It may be necessary for one person to actually buy the others interest in the home to be released. This will involve a new loan, or a large cash transfer. This is how you can recoup your asset value in the property.
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Your lender has two people obligated to pay. What is their incentive to release you? If there isn't any, likely they won't. 