Quote:
Originally Posted by Flyboy
It doesn't rally matter what your uncle has or has not done, or what he is like as a person, he as much right to the property as you do. He has paid his share of the mortgage and his name is on the deeds (I presume it is held in tenancy-in-common, rather than joint tenancy).
Your options are (from what I see), is that you could either ask your uncle to buy your shares of the property, or try to sell your shares to someone else. It is unlikely that he would agree the former, but if you take the action of the latter it may prompt him to do something about the situation. Saying that though, it is not easy selling a tenancy-in-common share, very few buyers would be interested in such an arrangement and you may be forced to sell below market value.
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I have no idea what it's held in, I didn't know there was a difference
I would assume it's a joint tenancy? Not sure.
But, in other news, we got a letter through the post today to say our mortgage hasn't been paid for the last 2 months and the matter has been sent to a collection agency (The letter was from the collections branch of "Santander")
He claims the bank "lost" his shares and it messed up his direct debits, but the letter can be tossed out, as they are aware of the situation and the reason we got the letter is just "Procedure"?
I don't believe him, for several reasons, namely he's been waiting outside everyday for the postman/girl for the past 3 months and the one day he isn't here to intercept the post, is the day we get the letters.
This guy is completely useless, and that's putting it mildly.