Title deeds

jonney92

Good evening everyone!

sorted thank you everyone for your responses 

SDLT_Geek

jonney92 said:

Good evening everyone!

Just a quick question our current house only ownership is my mum owns 50% and me and my sister have 25% each.

I have just looked at the title deeds but it only shows my mum's name, would all our names show on it or not?

Thank you

Is the title registered at the Land Registry?  If so, you should check the current entries on that registered title as old title deeds are largely superseded once title is registered.

If you are looking at the latest registered title, it could be that the property is still registered in your mother's name, but that there is a declaration of trust (which would not be with the Land Registry) saying that she holds it in trust for herself and for you and your sister.

To take a wild guess, did the house used to be owned 50 / 50 by your mum and Another, then Another died and left their share to you and your sister?  Perhaps that was on trust to entitle your mum to live in the property for her life?

Keep_pedalling

Did you inherit your shares from your father? If you did and your father’s will gave your mother the right to live there you don’t actually own your share yet, legal ownership would sit with a trust and your mother has beneficial ownership of his share. 

poseidon1

jonney92 said:

Good evening everyone!

Just a quick question our current house only ownership is my mum owns 50% and me and my sister have 25% each.

I have just looked at the title deeds but it only shows my mum's name, would all our names show on it or not?

Thank you

In the thread below a solicitor ( unwisely ) reccomended your mother put you and sister on title of the home she inherited outright.

https://forums.moneysavingexpert.com/discussion/6234246/would-this-effect-me-being-a-first-time-buyer#latest

If you are saying you recently checked the land registry, and there is no evidence this actually  occurred, this could be a blessing in disguise and I would suggest  best you let sleeping dogs lie.

I say this, on the basis that if this was a misguided attempt at IHT mitigation it would not have worked in any event.

By the way is there any likelihood of IHT on your mother' eventual death?

Keep_pedalling

The OP has said it is sorted, hopefully that means the house still in the sole name of the mother and the OP and their sibling are not going to be hit by a substancial additional tax bill when they by their own place, but I don’t suppose we will ever know. 

Emmia

jonney92 said:

Good evening everyone!

sorted thank you everyone for your responses 

You know that because your initial post was quoted, editing it to remove the information it contained is pointless?

poseidon1

Emmia said:

jonney92 said:

Good evening everyone!

sorted thank you everyone for your responses 

You know that because your initial post was quoted, editing it to remove the information it contained is pointless?

And may I add irritating.