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Severing my joint tenancy DIY a bit stuck!
tanith
Posts: 8,091 Forumite
OH and I have agreed to sever our joint tenancy to tenants in common which I understand I can do for free myself and its not too complicated. I have found the relevent forms on the land registry site but I am unsure what they mean by me supplying a certified copy of notice of severance signed by the owners on whom it has been served..
It sounds complicated on the SEV form but I'm sure its me overcomplicating it.. and of course not wanting to get it wrong..
a) not sure how this has to be worded
b) do I actually have to put this in the post to OH
c) do I have to also serve it on myself
Can anyone just tell me what I have to do in plain English please... there are very good instructions on filling in the SEV form but its just the other bit I am concerned about.. thanks
It sounds complicated on the SEV form but I'm sure its me overcomplicating it.. and of course not wanting to get it wrong..
a) not sure how this has to be worded
b) do I actually have to put this in the post to OH
c) do I have to also serve it on myself
Can anyone just tell me what I have to do in plain English please... there are very good instructions on filling in the SEV form but its just the other bit I am concerned about.. thanks
#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
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Comments
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If you both agree to the severance then both of you can complete the SEV form as applicants and you don't need a notice at all.
If not, you have to do a notice which basically is addressed to the other person and says that you desire to sever the joint tenancy in the property (naming it and giving LR title number) and you sign it and give it or post it to the other person. If you can get them to sign to say they have had it that is best. If not you have to certify you have given it to them or have posted it and it has not been retuned undelivered.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Thats brilliant thanks so much... makes my life simpler all round...#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0 -
wow I've never heard of either. Whats the difference between a joint tenancy and tenants in common, and does it only pertain to renting?
Thanks0 -
wow I've never heard of either. Whats the difference between a joint tenancy and tenants in common, and does it only pertain to renting?
Thanks
I am actually talking about ownership of a house not renting...
put simply Joint Tenants both own the whole property and on the death of one the other then owns the whole property... Tenants in Common means you both own a proportion (it can be different proportion or the same 50/50 or 40/60 for example) of the property and each person can leave their share of the property to whomever they like..#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0 -
wow I've never heard of either. Whats the difference between a joint tenancy and tenants in common, and does it only pertain to renting?
Thanks
Nothing to do with renting. It's about a long leasehold or freehold. You can either both own all of it, or you can own a % each....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Just reviving this thread to ask another question, I have filled in the relevant form SEV from the land registry and wonder if they will inform when its done and then if I need to notify my mortgage company?#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0 -
LR should inform you and send you an updated title information document showing the restriction on disposition.
Mortgage company not interested as you are still both liable for the whole mortgage debt - it makes no difference to lender.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Well we got back the new documentation today so its all done and dusted... OH and I now need to make our wills... I presume the Solicitors will want to see the document they've sent us for confirmation...
It was so easy and free of course.... thanks for the help peeps#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0
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