Tenants in common help

duncan303

Sounds Good Richard,

So a mortgage would not normally be considered with respect to a beneficial owner, i can understand that one.

I accept that the trust deed itself could not provide the absence of a signature, could it refer to an undertaking for provision of a defined limited power of attorney to a third party? Could the power of attorney be easily revoked combined with an undertaking?

I doubt if things were to become ugly that the court would not be involved, however a trust deed, an undertaking and a specific power of attorney should make it more straightforward, responsibilty of costs could also be factored in as well. What do you think Richard?

What if the balance of shares were reversed initially? Once he is on his feet a deed of transfer could be initiated.

damn... just seen the decision by OP ... errrr will still submit reply anyway


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star_sign

No please keep posting replies, my knowledge on these matters is very limited so am very grateful for more information and options. At this stage I am thinking I shouldn't get involved in this with the current terms and conditions just based on the liability and that it looks like it won't be easy to get out of it - but I am still interested in hearing about other alternatives.