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transfer of title or part of

Last post Thu, Feb 08 2007, 10:26 AM by problems. 1 replies.
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  •  Thu, Feb 08 2007, 10:26 AM

    Re: transfer of title or part of

    Hi Stevep

    The solution to your problem lies in part in the title, ie "transfer of.............part" In other words you need to agree with you inlaws how much of the property you and your wife own and arrange for that to be transfered to you both on a seperate title number.

    You will need a solicitore or Licenced Conveyancer to do the paperwork for you and to advise you how to minimise the stamp duty if any is payable.

    problems
    • Post Points: 5
  •  Thu, Feb 08 2007, 9:44 AM

    transfer of title or part of

    Hi can you help us in a potentially difficult situation . My wife and I recently moved to a plot of land on which stood two properties . My father in law purchased the land and has since renovated the first property and lives there with his wife , my motherin law . My wife and I used the money from the sale of our own property to renovate the cottage on the land and have turned it into a large detatched three bedroom house in which we live and have also bulit a luxury kennels for our show dogs . Everything is quite amicable but what happens if things turn nasty later . We have no status as homeowners , we have no ability to borrow against our asset and can also be turfed out any time as we don't have the title .Also we cannot move again unless our inlaws agree also to move . Is there a fair way of legally owning our asset and do we qualify for any share of the profits on future sale . Can we protect ourselves from being evicted and will we ever be able to recoup our investment in the future .
    • Post Points: 20