A property is likely to be one of your most valuable assets. Therefore, it is essential that your interest in the property is clearly defined in writing. Our experienced solicitors can advise you of the nature of your interest in the property and, if you co-own the property, what will happen if you or your co-owner decide to sell.
Mortgage conditions stipulate that details of cohabitees or other occupiers must be notified to the mortgage company prior to them taking up occupation. As an owner of the property, you may not want your partner or cohabitee to acquire legal protection or an interest in the property. Our cohabitation solicitors have years of experience in advising cohabitees about how each party can protect their interests.
Unmarried couples who own a property together should consider entering into a declaration of trust, especially if they are contributing disproportionate shares. A declaration of trust details information such as the basis on which they own the property and their right to buy each other’s share. Our property trust solicitors will draft the document in a straightforward manner so you know exactly where you stand.
If you have agreed to transfer a share of your property to someone else, you will need a specialist conveyancer to ensure that your interests are fully protected during the transfer of equity. As well as transferring the equity, you may also need a declaration of trust. Our trusted property solicitors will advise you of all the points you need to consider.
For advice regarding the co-ownership of property or to learn more about cohabitation property rights, please get in touch. Contact our specialist solicitors today by calling 01483 887766, email email@example.com or starting a live chat. We look forward to hearing from you.