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 bankruptcy postbag for march
 Buying our partners share of property
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JemJem
Junior Member

174 Posts

Posted - 03 September 2008 :  14:04:32  Show Profile  Reply with Quote
Hi,

My husband has been declared bankrupt. Mortgage is £209k and value of property is £190k. Official receiver says we can buy out my husbands share for £1 plus £211 in fee's.

If i proceed to do this, will it change the propertership of the property on the land registry? If so will this have an impact on the fact i have a joint mortgage (which is totaly up to date)?

Any help/advice is appreciated.

Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 04 September 2008 :  10:04:00  Show Profile  Reply with Quote
Hi JemJem

Im not sure on that one, but hang on in there and maybe someone else could shed some light on this for you.
Thanks and

Keep Smiling
Jo :)

"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 07 September 2008 :  18:48:47  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi JemJem,

This will have no effect on the entries on the Land Registry, or on the mortgage.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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