Form D81. Shared ownership property.
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Msstark
Posts: 2 Newbie
I hope someone will be able to clarify this matter. Currently filling out a D81 form re a clean break order. The section marked assets net of mortgage.......
I have a shared ownership property, part bought, part rented. Purchased the property following separation. I have a mortgage on 25% of the property. Do I class the 25% as an asset net the mortgage or do I include the rented 75% therefore the full market value.
Many thanks
I have a shared ownership property, part bought, part rented. Purchased the property following separation. I have a mortgage on 25% of the property. Do I class the 25% as an asset net the mortgage or do I include the rented 75% therefore the full market value.
Many thanks
0
Comments
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Only value the bit you own. So 25% of market value minus the amount of your mortgage.0
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Thank you Willow cat x0
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