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 Cost of buying Benificial Interest
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wellerchic
wellerchic



135 Posts

Posted - 23 February 2009 :  16:59:52  Show Profile  Reply with Quote
Hi

I'm new to the forum and wondered if anyone can tell me how much the legal fees are when someone is buying the benificial interest in your property. I know it would be £1 because it has negative equity but not sure of the fees on top.

G x

There is light at the end of the tunnel, hopefully I will find it soon !!

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 23 February 2009 :  17:21:34  Show Profile  Reply with Quote
Hi,

It's £211 plus the £1.

The glimmer gets brighter all the time

Jan
xx
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wellerchic
wellerchic



135 Posts

Posted - 24 February 2009 :  12:51:12  Show Profile  Reply with Quote
Hi Jan

Thanks for your reply.

I'm in court on Thursday for my hearing.

Fingers crossed all will be ok

Gx

There is light at the end of the tunnel, hopefully I will find it soon !!
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Skippy
forum expert



United Kingdom
3290 Posts

Posted - 24 February 2009 :  12:52:10  Show Profile  Reply with Quote
Good luck for Thursday!

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

20 IPA payments made, 16 to go - on the home straight!
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hammy0107
Junior Member

399 Posts

Posted - 24 February 2009 :  16:37:36  Show Profile  Reply with Quote
If the property is jointly owned then it is £211, if it is solely owned yet a partner is buying the BI it then becomes £500.
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 24 February 2009 :  18:57:16  Show Profile  Reply with Quote
This is what the Insolvency site says about it:

http://www.insolvency.gov.uk/guidanceleaflets/home/home.htm

The glimmer gets brighter all the time

Jan
xx
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Skippy
forum expert



United Kingdom
3290 Posts

Posted - 24 February 2009 :  20:24:50  Show Profile  Reply with Quote
Melanie N has confirmed today that the cost is £1 + £211.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

20 IPA payments made, 16 to go - on the home straight!
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