September 2002 the property was £395.000 minus the £100.000 deposit equity from the sale of my house = £295.000 mortgage..
I did not know until December 2012 that he has an interest only mortgage term 15 years outstanding balance £285.563..3 years remaining...
The property is for sale £550.000..
there is a restriction on the land registry as follows...
Restriction: except under an order from the registrar no disposition of the land is to be registered without the consent of Jean...
my ex had a deed of trust drawn up via his solicitor dated 28th December 2002 as follows..
This declaration of trust is made on 28th November 2002 between Mr ex and Jean
Where as:- This Deed is supplemental to a transfer dated 27th September 2002 in which the freehold property know as "the property" was transferred to Mr ex..title to the property is registered at the land registry..
(1) It is hereby declared and agreed that:
Mr ex holds the property on trust to sell it with power to postpone the sale for as long as he thinks fit and will hold the net proceeds of the sale and the net income until sale and the investments from time to time representing the same upon the following trusts:-
a) as to 25% on trust for Mr ex and Jean as beneficial joint tenants
b) as to 50% on trust for Mr ex
c) as to 25% on trust for jean
(2) Mr ex and Jean agree notwithstanding the trust for ale by this deed that the property shall not be sold without their joint consent or the consent of the survivor..
Mr ex and Jean agree and declare that the repayments on any mortgage secured on the property shall be the sole responsibility of Mr ex...
I was under a great deal of stresse when I signed this deed as Mr ex was going through a divorce at this time..his ex wife solicitor had sent a letter saying that due to the fact they were still legally married she was entitled to half the equity in the property £50.000..
The separation agreement June 2014.."I have not signed yet"
to discharge the mortgage secured thereon..
in payment of the solicitors conveyancing costs and disbursements in connection with the sale.
18.5.3 in charges of the estate agents
18.5.4 in payment on any capital gains tax payable on the sale
18.5.5 in reimbursement to Mr ex of all mortgage payments made by him after 31st July 2014
18.5.6 in payment of 62% of the balance to Jean and 38% of the balance to Mr ex
if the property is not sold by 31st November 2014 there is to be a review as to if I will be allowed to remain in the property after this date...
there have been viewings but no offers...