Changing title deeds

gardenerswife

Long story short I'm divorced and sorting out financial statement - ex has offered me house and CCJ if I don't touch his pension. As an ex bankrupt with a CCJ I'm struggling to get a mortgage and part of the settlement is that I get the exes name removed from the mortgage - so my brother is going to lend me the money to buy the house outright - and I will send him my mortgage payments till paid off.
So two questions really
A) does my brothers name have to go on land registry or can it just be mine.
would we need to see a solicitor to have it documented somewhere that he's lending me the money to keep it all above board?
Many thanks in advance

anselld

gardenerswife wrote: »

ex has offered me house and CCJ

What??

gardenerswife wrote: »

A) does my brothers name have to go on land registry or can it just be mine.
would we need to see a solicitor to have it documented somewhere that he's lending me the money to keep it all above board?
Many thanks in advance

(A) Brother is lending you money, you will own house. Hence your name on the Title.
(B) That is up to you and your brother. There is no legal requirement for a loan agreement to be drawn up.

If you use a solicitor to do the title transfer the will need to have proof of source of funds from your Brother in order to comply with Money Laundering regs.

BUT .... How is your ex "offering you the house" if you are still having to buy him out?

antrobus

anselld wrote: »

....BUT .... How is your ex "offering you the house" if you are still having to buy him out?

As is quite common in divorce settlelements, one party agrees to let the other party have the house, so long as they take on the responsibility for the outstanding mortgage; i.e. "offered me house" means giving up their share of the equity.

gardenerswife wrote: »

...A) does my brothers name have to go on land registry or can it just be mine....

Not as the owner of the property, but he might want to register a charge on your property.

gardenerswife wrote: »

...B) would we need to see a solicitor to have it documented somewhere that he's lending me the money to keep it all above board?....

There is no obligation to do so. But I'd say it was a good idea to get everything down in writing in the first place, and have clarity.

G_M

gardenerswife wrote: »

....... - ex has offered me house and CCJ if I don't touch his pension.

Wish I could do this - there's a whole bunch of people I'd like to offer a CCJ.......!