Anything else we can use so that my friend can feel more secure?

Anything else we can use so that my friend can feel more secure?

9:01 AM, 8th October 2021, About A week ago 2

Text Size

Hi, I own a rental property with a friend. The investment is 50/50. The property and the mortgage are in my sole name, everything goes through a joint bank account in both our names.

We have a “Deed of Trust” between ourselves, but is there anything else we can use so that my friend can feel more secure.

Is there anything that can be lodged with the Land registry etc. proving that there is a third-party interest?

Many thanks.

David



Comments

by Alex

9:45 AM, 8th October 2021, About A week ago

Hi David

You and your friend could lodge an RX1 restriction at HM Land Registry, which I believe would not require the mortgage lender's permission, but I advise that you check that with a solicitor.

by David

13:46 PM, 11th October 2021, About 6 days ago

Reply to the comment left by Alex at 08/10/2021 - 09:45
Hi Alex,

Thank you for your suggestion.
I will investigate and speak to my solicitor.

Regards

David


Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

BECOME A MEMBER