A sample deed would be great! and how would this stack up in a scottish court.
Moderators: TalbotWoods, JaneClack
mike1y111 wrote:I might later in the year be going for the trust deed/bankruptcy and would like to protect my property which is in joint names. We have a huge redemtion penalty thus cannot afford for wife to buy the property outright.
Need to try and get her to buyout my beneficial interest to be on the safe side. It might be that in 6-9months time i will be in a stonger position and may not have to go for TD but at least i am keeping property safe.
mike1y111 wrote:Thanks JLP
i would just like to be safe. I have had the house valued and the equity is 20k. House prices are rising sharlpy where i am and my worry is that by the end of the year it could be 60k!
If i got the percentage ownership changed and did the BI as well, would stand in court if it came to that?
mike1y111 wrote:redemption penelty not in the price. 11k redemption penelty! so really 9k equity in the property
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