i have the right to get it revalued and renegotiate the the price we they agreed
i wont to know can i take a sum of money of them and put a second charge on my property to safe guard there money till the get a mortgage in the near future
we do not have a contract no more as it ran out in nov 2013 yes i will put a second charege if i can
yes the one in question to safe gaurd there money
i am selling the house to them for £125000 i owe £95000 they are willing to pay me £30000 if they pay me this amount they will have no legal claim on the property will they
they are willing to pay me this amount and carry on renting till they get a mortgage they just need some legal term to protect them what can i do to protect there money
I see. If they would agree to a second charge then yes you could do this.
The debt then becomes secure until they pay it off.
It costs £50 to register a second charge on the property using form RX1
But yes you can get a second charge.
Can I clarify anything for you about this today please?
If this answers your question could I invite you leave feedback on my service which I hope has been excellent today, if you need more information or help then please click reply.
Please remember that I am always happy to help if you have future questions, even if I am in Court I can normally respond within a few hours. For future information, please start them with ‘For Alex W’.
Please bookmark my profile if you wish for future help: http://www.justanswer.co.uk/law/expert-alexwatts/