The property is in my name, my father and my brother's name. My father paid the deposit of £95,000 (they were given proof of this) but as there is no written agreement we are told this is irrelevant. The liquidators want a third share before costs leaving my father and I to cover all costs. I forgot to mention that sometime during 2013, I believe, my brother merged the commercial loan/mortgage with a business loan (which was taken out whilst we were still there) but took my name off it so it was in his and my father's name only. I have informed the liquidators of this.
Yes it is, I am not sure of the balance of the loan - probably in the region of £240k and the property should sell region of £300-330k