It was a formal loan agreement in the presence of a witness. In the agreement it was written that if the loan was unpaid by January 2016, then he would agree to provide an equity share in a different property which is owned by him and his wife or raise finance otherwise.
Sorry I dont understand what you mean by "and there is no provision for a mortgage to be taken by you over the property?"
My father is the sole owner of the property and he is willing to assist in registering a notice on the property
The loan agreement stated that my father's share Property B (owned by father/wife) would be provided as security however now with divorce proceedings have started - there is little chance that anything could be registered against it as it is jointly owned. However Property A is my fathers name without a mortgage, but with a home rights notice, and my father is willing to register a charge to the value of £80,000 against the property if there is means of doing so.
No, it was only signed by him
Thanks for your detailed response. I just have one query - as my father is willing to cooperate - you mention either a CH1 or an AN1 could be lodged - however I am unsure of which one is more appropriate to me?
Thanks for your help yesterday. Do you offer services to complete the necessary procedures to lodge the form with the land registry or should I just contact a property law solicitor?
Thanks for your message. Apologies for the late reply. Yes, if you could help to prepare the forms then that would be fine. Please le me know of the fee payable. thanks
Its with my fathers cooperation.
I am happy with the fee mentioned. Please let me know on how we can proceed with the email contact.
I have accepted the offer. Please find my email below.