Can I add someone on to land registry?

pinklipy

So what you are all saying is that equally if I was to decide to sell up their is nothing sis could do? (Not that I ever would behind her back) but she really has no say in it at all, anywhere?

holly_hobby

Trustee In Bankruptcy (may be under a different title in Scotland)

Deprevation of Assets =

Deliberate concealmentfrom the TIB, or disposal of assets, in order to deprive creditors of payment under the BO (bankruptcy order)

Hope this helps

Holly

kingstreet

When you approach bankruptcy you are expected to disclose all your assets for the Trustee in Bankruptcy or Official Receiver to ensure your creditors are repaid as much as they possibly can.

It is a criminal offence to withold details of an asset and taking action to deprive yourself of an asset on the approach to bankruptcy can see the transaction reversed.

You may have inadvertently colluded with a fraudulent or deceptive transaction.

holly_hobby

pinklipy wrote: »

So what you are all saying is that equally if I was to decide to sell up their is nothing sis could do? (Not that I ever would behind her back) but she really has no say in it at all, anywhere?

Yes - unless AFAIK she could prove beneficial ownership to obain half of proceeds within a court hearing - but by that time you're in mexico with a rum & coke.

Holly

kingstreet

pinklipy wrote: »

So what you are all saying is that equally if I was to decide to sell up their is nothing sis could do? (Not that I ever would behind her back) but she really has no say in it at all, anywhere?

Spot on. Which would, for those reading this thread, be a wholly entertaining and satisfactory outcome TBH.

pinklipy

Ok I understand thanks, in the end she didn't actually go bankrupt so I don't think done anything fraudulent.
But yes the mortgage is entirely in my name even though I didn't get the money, actually makes me laugh at how nieve I clearly was.

pinklipy

Sorry just to check:

If in the future she were able to get a mortgage and "buy" it back from me, then their would also then be nothing to say it was half mine? I would just have to trust her not to go bankrupt or re-mortgage for even more kind of thing?

kingstreet

If she pays you your share and buys it from you, you'll no longer have a share, you'll have the cash.

If you ever want to own it jointly, you'll both need to be party to the mortgage as well as the ownership.

pinklipy

Thanks,

What I meant was if she bought it from me for 100k (mortgage amount) but my share of the equity would still be in it as it is worth a fair bit more than that and I haven't had my share yet, only she has.

holly_hobby

How would you secure your share post sale to her ?

Going round in circles, but if you wanted your interest to be noted in the deeds (either as joint tenant with equal shares, or tenants in common with defined unequal shares), you HAVE to be party to the mortgage (and thats if she actually obtained one with her apparent poor credit history) - its chicken and egg situation I'm afraid.

Additionally, if you have the 100k you will no longer qualify for any means tested benefits that you may currently enjoy, whereas your current aim appears to be to try and retain your benefits with DWP by whatever means possible - so you may wish to consider this important factor, and how it will affect the plan of action you are currently devising based on your DWP situation.

Hope this helps

Holly