Puzzler

Registered with Property118.com
Tuesday 9th July 2013


Latest Comments

Total Number of Property118 Comments: 737

Puzzler

2 weeks ago
Exception to the s24 Tenant Tax loophole?

I think it would not qualify under the terms of the commercial loan. I have looked at getting comercial loans for holiday accommodation and it is extremely difficult plus you would have to provide accounts to your lender as it is a business loan so you can't slip it under the radar.... Read More

Puzzler

3 weeks ago
Freehold title splitting with Unilateral Notice from JV partner?

If the title isn't split then I think technically it may affect their security, they essentially didn't give you anything when "unencumbering" the land. You need to sort things out with your JV partner first, presume the notice is to register their interest. If it gets repossessed because you cannot remortgage, their interest may be worthless. Or it may by default relate to the whole property. Both of you need to go and see a specialist solicitor. The easiest option is to get the title split as soon as possible.... Read More

Puzzler

3 weeks ago
Deceased father, bankruptcy and land charges from 30 years ago! HELP!

I have just re-read your post - if you do own the land with the existing charges, you need to get a specialist solicitor to deal with it. You will need one in any case to sell, I don't think it will matter to planners as you don't have to own land to apply for permission but obviously you don't want to waste money. In the case of the charges, the solicitor will know how to find them, I believe if they cannot be found, s/he will apply to court for them to be set aside. S/he may suggest that an indemnity policy be purchased against a future claim. I don't think you can do this yourself.... Read More

Puzzler

3 weeks ago
Deceased father, bankruptcy and land charges from 30 years ago! HELP!

It's not totally clear from the post whose bankruptcy it was. If it was your father, the land may well have been taken by the Official Receiver to offset the debts in which case it's not yours. If it was his, why was it not paid off and the land transferred on his death? The chances of being able to pay the charges and recover the land after 20 years seems very low. The Land Registry may be able to tell you who owns it now, or maybe the Office of the Official Receiver? The debts would only be nullified if he had nothing left with which to repay them (otherwise everyone would do it!). I am not a legal expert though, and will be interested in the outcome.... Read More

Puzzler

4 weeks ago
Illegal possession due to tenant being sectioned?

Contact your local NHS Care team. They will be able to help him and advise. Also CAB.... Read More