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In its present state the annex is probably worth £150k and the Grooms quarters, stables and 8 acres of land around £200k. If they were renovated they could be worth substantially more.
Basically because of all the stress and money this has cost us taking this conveyancing solicitor to court, neither me or my ex partner are willing to pay them anything. We agree to sell my new partner half of the main house for £1, the other half of the house, grooms quarters and land etc will be put into my ex partners name as I want no more ties to him. If the mortgage company agree to the sale of the first part of the property being sold and assess that the remainder of the property, (other half of the house, grooms quarters, stables and land ) covers the value easily of what is still owed on the mortgage, then is this achievable? Jacqui
Is there anyway at all that we can avoid this charge?
When I first said about selling half of the property for £1, you asked how much value was left in the remainder of the property, so does that mean that it is possible to sell the first half so the charge can come out of the remaining property?
Hi would I have to go back to court to achieve this? Who is it that would have to agree to allow this, would it be the judge or the the Solicitors that have the charge on the property?