Joint ownership - fraud prevention

jensendejaju

Hi,

I am looking for some advice. Hopefully you can be of assistance.
I bought a property jointly with another person. I wanted to buy it alone but could not secure mortage by myself. The other person is not a trustworthy character unfortunately and are in a position to steal my identity relatively easily if they wanted to.

I was wondering, what I can do to ensure my share of the property is safe from any type of fraud or negative outcomes. Any advice will be greatly appreciated.

I thought about getting a restriction in place. Am I able to do that by myself or do I need the other owner's permission? Thank you.

Regards,
Jensen

Pixie5740

jensendejaju wrote: »

Hi,

I am looking for some advice. Hopefully you can be of assistance.
I bought a property jointly with another person. I wanted to buy it alone but could not secure mortage by myself. The other person is not a trustworthy character unfortunately and are in a position to steal my identity relatively easily if they wanted to.

I was wondering, what I can do to ensure my share of the property is safe from any type of fraud or negative outcomes. Any advice will be greatly appreciated.

I thought about getting a restriction in place. Am I able to do that by myself or do I need the other owner's permission? Thank you.

Regards,
Jensen

They were trustworthy enough when you needed their money to buy somewhere you can't afford on your own.

If there is a joint mortgage then you are financially linked. You each have joint and several liability for the total mortgage debt. Did you at least get a Deed of Trust drawn up when you purchased the property?

danlewi2

haha this has to be a wind up

SmashedAvacado

a very quick and free thing to do is to register for land registry property alerts. This will send you an email if someone makes an application against a property that you set up an alert for. It wont stop a transaction, but it will put you on notice if someone for example makes an application for a priority search on the property which is one of the things that a buyer will do before going ahead and buying.

Available at https://propertyalert.landregistry.gov.uk/

G_M

As avacado says, start with free property alerts.


Do you own as Joint Tenants or Tenants In Common? If TIC, do you have a Deed drawn up and what does it say, and was a restriction placed on the Title? And if not why not?

RESTRICTION: No disposition by a sole proprietor of the
registered estate (except a trust corporation) under which capital
money arises is to be registered unless authorised by an order of the
court.