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Shared ownership inherited from parents- getting third party to recognise.
datlex
Posts: 2,252 Forumite
Query One: My partner inherited a shared ownership property from his parents. He has always lived with them. He has probate, but the property was not transferred into his name - a solicitor said was only necessary if and when he comes to sell the property. He is now on benefits due to being medically retired. He is eligible for the housing element of universal credit. One problem the other party (a local housing association) is failing to recognise he is living there. He has tried contacting them on several occasions and even got the help of a local organisation. He has raised a stage one complaint and only got an acknowledgement saying they were busy but the actual complaint was not addressed. He has chased it up in the last fortnight by email and it was forwarded to a "manager" no name given. No response yet.
I am lending him the money to cover his rent whilst the situation gets sorted. I am concerned as to how long I can do this without it causing issues.
Does any one know what can be done in this situation?
I am lending him the money to cover his rent whilst the situation gets sorted. I am concerned as to how long I can do this without it causing issues.
Does any one know what can be done in this situation?
Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
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Comments
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They won't recognise him as responsible unless it is put into this name.
What benefit is there in not doing this?1 -
If he dies before the property is put in his name, it adds an additional layer of complexity for the executors of his estate. Do it now while he is still alive. Yes, there will be a cost to it, but it will be a huge saving over being left until later.datlex said:Query One: My partner inherited a shared ownership property from his parents. He has always lived with them. He has probate, but the property was not transferred into his name - a solicitor said was only necessary if and when he comes to sell the property.
Any language construct that forces such insanity in this case should be abandoned without regrets. –
Erik Aronesty, 2014
Treasure the moments that you have. Savour them for as long as you can for they will never come back again.0 -
He was advised by a solicitor no need as when eventually sells property would save him money......HampshireH said:They won't recognise him as responsible unless it is put into this name.
What benefit is there in not doing this?Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0 -
and how will that help the current situation?datlex said:
He was advised by a solicitor no need as when eventually sells property would save him money......HampshireH said:They won't recognise him as responsible unless it is put into this name.
What benefit is there in not doing this?
he avoids paying money now at today's price in order to ensure he has to do it anyway at tomorrow's price,
meantime he is stumped over claiming benefits because of his own hurdle
I can see why he is in shared ownership rather than being able to afford a place of his own
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Ouch! 🤣Bookworm105 said:
and how will that help the current situation?datlex said:
He was advised by a solicitor no need as when eventually sells property would save him money......HampshireH said:They won't recognise him as responsible unless it is put into this name.
What benefit is there in not doing this?
he avoids paying money now at today's price in order to ensure he has to do it anyway at tomorrow's price,
meantime he is stumped over claiming benefits because of his own hurdle
I can see why he is in shared ownership rather than being able to afford a place of his own
Harsh but I suppose the solution is to register the house in his name.0 -
That did not take into account that he would want to claim benefit for the rent.datlex said:
He was advised by a solicitor no need as when eventually sells property would save him money......HampshireH said:They won't recognise him as responsible unless it is put into this name.
What benefit is there in not doing this?
Circumstances have changed since then and he now needs to change the house into his name if he wants to proceed with the claim.
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