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Joint Tenants or Tenants in Common?
clarebear
Posts: 97 Forumite
Can anyone please advise? Our current house, we are joint tenants - we are just purchasing another property and selling this one - should we continue as joint tenants or change to tenants in common?
Many thanks
Many thanks
0
Comments
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Ask your solicitor to outline the differences and the pros and cons.Trying to keep it simple...
0 -
Hi Clarebear,
I have just sent off a document to the land Registry to change our home from Joint
Tenants to Tenants in Common.The reason for doing this is to try and ensure the home is left to my son and my daughter from a previous marriage.We intend when the documents comes back from the Land Registry to change our standard wills
to a Discretionary Trust Will.This will probably cost me a packet from a solicitor
but we need to have the house as Tenants in Common before we can begin.
This is a complicated area and may I suggest that you use google to get information
off the net to assist you.
I hope this helps.0 -
tenants in common. trust me its worth itYou're not drunk if you can lie on the floor without holding on0
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