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Jo C., Barrister

Category: Law

Satisfied Customers: 32177

Experience: Over 5 years in practice

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A friend and I are considering a property which consists of

Customer Question

A friend and I are considering a property which consists of a large house, a smaller house, various outbuildings and land. We would want to split the property into two lots. How would we go about achieving this?

Submitted: 2 years ago.

Category: Law

Expert: Alice H replied 2 years ago.

Hello, my name is ***** ***** I am a solicitor based in London. I’ll be happy to assist you with your question.

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Expert: Alice H replied 2 years ago.

When you say 'split' do you mean everything 50/50 or that one persons gets some buildings and the other person gets something else?

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Customer: replied 2 years ago.

Not 50/50. One of us would get the large house, associated gardens, some outbuildings and land and the other (me) smaller house, associated garden, some outbuildings and land. Land split 50/50.

Customer: replied 2 years ago.

I am not anticipating needing a mortgage but my friend may.

Expert: Alice H replied 2 years ago.

But will everything be split 50/50? So that you will be joint owners?

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Customer: replied 2 years ago.

No, the existing property will be split into a larger property, a smaller property and everything else ie. Outbuildings and land 50/50.

Expert: Alice H replied 2 years ago.

I have opted out as you need a specialist property expert. One of my colleagues will assist you soon.

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