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TR1 form - buyer completes panel 10?

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  • loubel
    loubel Posts: 1,012 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Do you have a current declaration of trust? If you do, what does it say should happen when someone sells up? If not, this would seem a good time to insist on one.
  • arciere
    arciere Posts: 1,361 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    loubel said:
    Do you have a current declaration of trust? If you do, what does it say should happen when someone sells up? If not, this would seem a good time to insist on one.
    Yes, that's exactly what I was thinking. We do have one but it doesn't say much, other than what shares there are. 

    These have been nightmare neighbours and even though I'm sure the new buyer will be a different person, as you said it's the right time to make the change.
  • anselld
    anselld Posts: 8,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    arciere said:
    anselld said:
    Just tell them you insist on section 10 being completed before signing.  There is no reason why section 10 cannot be completed in advance.
    Thanks, their solicitor made me sound like I was asking for the moon ("it is for the buyer to fill in section 10").
    I pointed out that, technically, we are also 'buyers' (and current owners that are not selling and have no intentions to agree to anything that could potentially go against our interests), so I can't see why they get to decide how the property should be held and we can't. They still haven't responded and I'm considering whether their offer to "represent us, free if charge", is even worth considering.
    Well it is someone else's Solicitor so they have no interest in your position.  The fact that they even offer to represent you when there is a possible conflict of interest tells you all you need to know about them.  Just put your food down.  It is not even a difficult thing you are asking for!  
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