Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Lysimache
    • By Lysimache 7th Jan 18, 5:08 PM
    • 162Posts
    • 52Thanks
    Lysimache
    Land Reg: Fill out RQ form for joint owners of BTL?
    • #1
    • 7th Jan 18, 5:08 PM
    Land Reg: Fill out RQ form for joint owners of BTL? 7th Jan 18 at 5:08 PM
    Hello!

    Is it okay for joint owners of a *mortgaged* buy to let property to fill out this RQ form on the land registry site?

    If the property is mortgaged, does the bank need to be involved or told in any capacity?

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/602998/RQ__2017-04-01_.pdf

    Thanks!
Page 1
    • 00ec25
    • By 00ec25 7th Jan 18, 6:20 PM
    • 6,515 Posts
    • 6,077 Thanks
    00ec25
    • #2
    • 7th Jan 18, 6:20 PM
    • #2
    • 7th Jan 18, 6:20 PM
    so you are letting a property but have not told your lender, and now wish to continue hiding that fact?
    • Lysimache
    • By Lysimache 7th Jan 18, 7:02 PM
    • 162 Posts
    • 52 Thanks
    Lysimache
    • #3
    • 7th Jan 18, 7:02 PM
    • #3
    • 7th Jan 18, 7:02 PM
    No, the property has always been buy to let. It's entirely clear to the lender that it is buy to let - in fact, for us to live in it would breach the mortgage conditions.

    We have no intention of trying to do anything overhand. I just came across the RQ thing today when looking for something else. And so, we're just checking whether this RQ form thing is a simple, easy, pain-free thing we should get onto the Land Registry as common sense or not. We had never heard of the RQ thing before, our solicitors nor the bank mentioned it at the time we purchased the BTL. I wouldn't want to stick anything on that bothers the bank.

    There's no major reason we need to put this RQ thing on, I was just wondering if other people have also done it and if it causes any problems. Is it a good thing to do? Any pitfalls?
    Last edited by Lysimache; 07-01-2018 at 7:06 PM.
    • G_M
    • By G_M 7th Jan 18, 8:08 PM
    • 44,465 Posts
    • 52,798 Thanks
    G_M
    • #4
    • 7th Jan 18, 8:08 PM
    • #4
    • 7th Jan 18, 8:08 PM
    Yes. It's fine.

    Do you suspect you are particularly at risk from fraud?

    https://www.gov.uk/protect-land-property-from-fraud

    An alternative is a Property Alert:

    https://propertyalert.landregistry.gov.uk/
    Last edited by G_M; 07-01-2018 at 8:11 PM.
    • Lysimache
    • By Lysimache 8th Jan 18, 11:11 PM
    • 162 Posts
    • 52 Thanks
    Lysimache
    • #5
    • 8th Jan 18, 11:11 PM
    • #5
    • 8th Jan 18, 11:11 PM
    Thanks G_M!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

119Posts Today

2,054Users online

Martin's Twitter