I believe my house will be valued at around £87000 and I owe £78000. So how does the OR work out how much I will have to give for the beneficial interest. Does he take into consideration any costs incurred if he had to sell the property and deduct it from the BE required.
It all states in the letter from the OR that I have to pay solicitors costs, how much will they be?
Hi is the property solely or jointly owned, the OR does not take into account selling fees as the property is not being sold and he/she can sit on it for 3 years during which time the value is likely to increase. the sol fees for the OR are £211 for a jointly owned property and £473 (i think) for a solely owned one
How is beneficial interest worked out by OR
Posted - 04 August 2009 : 12:32:32
