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digman
Junior Member
United Kingdom
319 Posts |
 Posted - 24 January 2010 : 19:32:29
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Hi , i was under the impression that when myself and my wife ( both bankrupt ) were to be offered the BI in our home it would be £211 + £1 + £1 as the property is in substantial neg equity .
The case worker has now sent us the BI forms and is asking us each for £211 + £1
We were both discharged Oct 09 and the house is the only thing thats left to be sorted out .
Does anyone know of a something i can print out to back up my thinking and send it to the case worker ???
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 24 January 2010 : 20:03:37
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hello digman
There is an Official receiver booklet called, "What will happen
to my home?" You can obtian this from the Insolvency Service website.
The cost of purchasing the BI for £211.00 plus £1.00 if it is in negative equity, relates to each party - so I am seeing that you are both buying the BI, then it is double - so the case worker is correct, I am afraid.
I wish you well and it is a small price to secure your home - but only do it if you can afford the mortgage afterwards, Good luck, Richard
"Life is generally something that happens elsewhere" (Alan Bennett - author and one of my best heroes!!) |
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digman
Junior Member
United Kingdom
319 Posts |
Posted - 24 January 2010 : 20:09:38
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Hi Housing , thanks for your reply .
i appreciate what you are saying and i too have read the afore-mentioned booklet but i am sure i am positive in thinking that i can by my wifes BI and she can buy my BI in the same transactionwith one set of solicitors fees ..
If you search on the site for 'beneficial interest £213' there are previous posts relating to this . John from EJS has replied to another members posts saying it is £211 + £1 + £1 ..
regards Andy |
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debtinfo
forum expert
2826 Posts |
Posted - 24 January 2010 : 20:33:54
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| You could phone TLT solicitors, as you would send the money staight to them |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 24 January 2010 : 20:35:54
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Hi Andy,
I have to say, I hope that you are right on this 
I had thought that as it would require two deeds of assignment then it would be double the fee!
I will have a look tomorrow and in the meantime, maybe Steve Thatcher will see the post and, as a solicitor, he may have more immediate knowledge.
I will be interested to see what emerges.
It would be a real bonus if that is right!! Good luck sir, Richard
"Life is generally something that happens elsewhere" (Alan Bennett - author and one of my best heroes!!) |
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gettingby
Starting Member
8 Posts |
Posted - 24 January 2010 : 22:28:32
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| Our OR only charged us one so we paid £213 in total if you ring them and ask them they should do it together |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 24 January 2010 : 22:41:42
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quote:
Originally posted by gettingby
Our OR only charged us one so we paid £213 in total if you ring them and ask them they should do it together
That sounds promising - good luck, I have learnt today too - I had simply thought two deeds, two fees - hope it goes well, Richard
"Life is generally something that happens elsewhere" (Alan Bennett - author and one of my best heroes!!) |
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Steve Thatcher
New Member
United Kingdom
70 Posts |
Posted - 25 January 2010 : 10:56:38
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I would have thought that there would be no reason why bthis cannot be done on one document, and hence only £213.
Call and ask. If they say it has to be two documents, get them to explain why and come back to us here.
Steve Thatcher
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 25 January 2010 : 11:04:19
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Morning Steve
That has educated me - I had not thought that TLT were so kind!
makes sense obviously, Regards, Richard Parry
"Life is generally something that happens elsewhere" (Alan Bennett - author and one of my best heroes!!) |
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Overspent
New Member
66 Posts |
Posted - 25 January 2010 : 11:07:28
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Hi Digman, we recently bought our beneficial interest and it cost £211 + £1 + £1. The 211 went to tlt solicitors and the other went to the OR.
Good Luck :-) |
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digman
Junior Member
United Kingdom
319 Posts |
Posted - 27 January 2010 : 17:36:38
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Thanks all for your replies .. very informative
I will update once i know more ..
Regards Andy
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Buying the beneficial interest
