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Who owns this house....?
vickitoria100
Posts: 411 Forumite
"By this Declaration of Trust... Person A and Person B hereby declare that we hold the freehold property xx registered at H M Land Registry under title xx and the net sale proceeds thereof... pending sale upon trust for ourselves as Beneficial Tenants in Common subject to any mortgage secured thereon from time to time as to 100% for Person A and 0% for Person B"
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Comments
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I'd say Person A does.
Looks like a couple but where one says "not my money if we split"0 -
If the house is sold person A gets all the proceeds of the sale after any sloans secured on the property are settled.0
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Looks like some family type arrangement where A wasn't earning enough to justify a mortgage on his own so B agreed to be a Name on the deeds and a joint borrower so that A could get the house.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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