A friend of mine bought a house a couple of years ago with his business partner as an investment. Although my friend found the money for the house by remortgaging his home the house is in the name of his business partner. Since they bought the house his partners marriage ended. Now, they are trying to sell the house his partners ex wife is trying to get some of the money. Also, His partner is looking for a home a long way away which seems to him and i that he does not intend to pay my friend even if he gets the money and not his ex wife. My friend has not yet contacted a solicitor. What should he do?
2006-11-14 06:42:31 · 7 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
He needs to see a solicitor to establish his equitable claim to the property. Perhaps he will have to obtain a declaration from the court that the partner holds the property in trust for both of them. He stands to lose so much if he doesn't move quickly!
No wonder the wife wants a divorce!
2006-11-14 07:45:57 · answer #1 · answered by Doethineb 7 · 0⤊ 0⤋
I think hes going to find it hard to get money if he isnt named on the deeds. Unless there was a contract drawn up before hand. If not its likely that his business partner will get the money along (possibly) with his wife. Go and see a solicitor sraight away
2006-11-14 06:52:01 · answer #2 · answered by bebishenron 4 · 0⤊ 0⤋
Has to CONTACT A SOLICITOR! The Law Society can give you a list of the appropriate solicitors where your friend lives. You can call them - go to www.lawsociety.org.uk. Your friend may have equitable ownership of part of the house.
2006-11-14 07:40:54 · answer #3 · answered by Wendy 1 · 0⤊ 0⤋
Contact a solicitor.
Get him to apply to Land Registry immediately for a Form A restriction using form RX1. It is free to do it. This should protect his equitable interest in the property.
2006-11-14 10:08:04 · answer #4 · answered by in vino veritas 4 · 0⤊ 0⤋
i do not understand what a "Breach of Peace" is yet i'm constructive the repo adult males did not attempt this. someone knocking on your door isn't breaking any regulation. also, it is without delay ahead for repo adult males to go back even as no individual is waiting for it. even as they get the right place of work artwork, they could come take the motor vehicle each and each and every time they want. they don't may supply you an chance to get your stuff out of the motor vehicle. I even could disagree with Ranger4402. you may't fault the repo adult males for doing their interest. human beings can't anticipate to keep a motor vehicle if there not making the funds. Repo adult males are @ssholes because they could be that thanks to do their interest. in case you do not want to attend to a repo guy, pay your invoice on time.
2016-11-24 19:33:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
oh dear he could really be in the s**t should have put his name on the deeds or at least have a written contract
2006-11-14 06:53:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋
contact a lawyer.
2006-11-14 06:44:55 · answer #7 · answered by arus.geo 7 · 0⤊ 0⤋