Billy65 Â Â 10 #1 Posted March 22, 2017 Wanting to settle shared equity on a property, the company have given a settlement figure but say I have to use a solicitor. Could anyone advise what service the solicitor would be providing. Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw   90 #2 Posted March 23, 2017 Wanting to settle shared equity on a property, the company have given a settlement figure but say I have to use a solicitor. Could anyone advise what service the solicitor would be providing. When you say 'settle', do you mean: a. create a Settlement (Trust); or b. pay-off what's outstanding? Share this post Link to post Share on other sites Share this content via...
Billy65 Â Â 10 #3 Posted March 23, 2017 Thanks for responding, I mean pay off what's outstanding. Share this post Link to post Share on other sites Share this content via...
dizzy_chick   10 #4 Posted March 24, 2017 Wanting to settle shared equity on a property, the company have given a settlement figure but say I have to use a solicitor. Could anyone advise what service the solicitor would be providing.  Is the something on the title deeds about this arrangement? That might be the reason?? Share this post Link to post Share on other sites Share this content via...
Billy65 Â Â 10 #5 Posted March 24, 2017 I will find out and come back on it. Thanks. Share this post Link to post Share on other sites Share this content via...
Jeffrey Shaw   90 #6 Posted March 27, 2017 Wanting to settle shared equity on a property, the company have given a settlement figure but say I have to use a solicitor. OK. A Shared Ownership property is subject to a temporary Lease that governs the share owned and the 'staircasing'. When the Tenant (leaseholder) acquires all 100%, the Landlord then needs to grant either: a. a Transfer of the freehold reversion (if owner of the freehold AND the property's a house); or b. a Transfer of the leasehold reversion (if owner of the leasehold AND the property's a house); or c. a 'real' Lease (if owner of a flat). It's that work on which you as T need a solicitor's involvement. Share this post Link to post Share on other sites Share this content via...