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HI Clare. Thank you. But can a charge be applied after the purchase has happened once the percentage is agreed and if so in the absence of an agreement can he demand that his name is ***** ***** deed as holding 50% of the equity? If this turns out to be the only way to go ahead is it reversable once an agreement is in place/how can I protect myself?. Thank you.
Hello, I trhink I still have three questions? Please respond to the last question. Apologies if you are already in the process of doing this, the whole situation is stressful. thanks
Hi sorry to hear that you've been unwell.No there is not a mortgage involved. Can you explain how this will be complicated and costly. The flat I am selling is in our joint names. Say we transfer my ex's name to the new property with a written agreement attached re percentages to be decided. We will then continue the negotiation and it may go to court.; I have made it clear that I am sticking with the 18.44 % of the current market value, so surely any legal costs will be predominantly his, as he wishes to contest this on the basis that he has had to wait for his share of the equity. His share is not redeemable until our son is 18 in two years time anyway and he accepts this and says he will be content to allow the transfer of property on the proviso that his name is ***** ***** deeds of the new property. If it is possible to do this with a written agreement to continue the process of deciding his percentage I think this will be okay for the time being. Can you be more specific about your reservations. Many thanks, ***** ***** you are feeling better now. Caroline