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.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

ADVICE NEEDED- sis is buying me out! what to do???

louloubell87
louloubell87 Posts: 4 Newbie
in House buying, renting & selling
hi all,

my father left me and my sister a house in his will. it has been signed over into both of our names and my sister is currently living there while i am living away at uni. she wants to buy me out but we dont really know where to start. she can get a mortgage for the house but we dont know how to go about signing the house completely over to her inexchange for half of the value of the house. do we need to go through a solicitor (having had bad experiences with 1 already)? or can we do it ourselves through the land registry? any help or advice would be must appreciated!

Comments

  • silvercar
    silvercar Posts: 50,923 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    If there is a mortgage involved you will need a solicitor. Find a recommended one and they should sort it out for you.

    Have you sorted out where you will live outside term time? Most UK students go home at the end of each term.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    Pick a different solicitor, if necessary. But do it properly.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    Cannon_Fodder wrote: »
    Pick a different solicitor, if necessary. But do it properly.

    Yes, probably best to have separate solicitors. Yours shouldn't cost very much as selling is, generally, cheaper than buying.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    silvercar wrote: »
    Have you sorted out where you will live outside term time? Most UK students go home at the end of each term.

    I never owned any of the homes I returned to, so what's the relevance?
  • vaporate
    vaporate Posts: 1,955 Forumite
    ViolaLass wrote: »
    I never owned any of the homes I returned to, so what's the relevance?

    Sister might play !!!!!y and not want you there? Easily happens over an argument.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • louloubell87
    louloubell87 Posts: 4 Newbie
    thanks guys i was thinking id have to go through a solicitor :( i will be staying with my partner when i finish uni so wont be moving back to the house.
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Bit off topic but if you are claiming any means-tested student finance you are aware you need to declare the property?
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    Is your sister paying rent for living in your half of the property?
  • louloubell87
    louloubell87 Posts: 4 Newbie
    no im not claiming student loans as am postgrad student and pay my own fees.

    my sis isnt paying rent either its been a pain she plays the guilt trip on me.... i have asked for her to sort it by end of march but now shes saying that she wont sort it till end of april so i have asked her for some rent money to help me out as she wants to move her boyf in and it was my dads wishes that if she wanted to move anyone in she has to buy me out. i feel like i cant force her to sort stuff as i get ignored and even my mum doesnt help by being on my side. :( thanks for all your advice
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
  • 354.6K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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.
Update Your Picture