We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Spliting of deeds question

Hi, i have just obtained planning permission for house in our garden wich is on a seperate pice of land from our house. We intend to build the house ourselves and move into it having sold our house.

For this we need to split the title deeds. we have a £140,000 mortgage and our house value without the plot of land is about 200,000. Our mortgage is with Northern Rock. Does anyone know how much equity they will want me to have in the house to do this?
Also does anyone know how much solicitors fees are to do this.

Any helpgratefully received.
Pete

Comments

  • mojo2460
    mojo2460 Posts: 9 Forumite
    Part of the Furniture First Post Combo Breaker
    I plan on spliiting deeds then sell house before starting build.

    I have asked but they didnt seem to want to say before I fill out the forms they have sent. If it is 75-80% then thats fine but interested to hear anyone elses experience.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.