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Scottish Trust Deed Forum
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Topic starter
19/01/2012 8:06 pm
Sorry folks it's me again, just came across the idea of beneficial interest, ie a value being placed on an"equity" if that's the right term of a matrimonial home which is in the name of a partner. The idea seems to be a value placed on the contribution to the mortgage and repairs and the use of the house. I can't see much info about this, is this ever the case or is it used more where partners split and a house is in
One name only
19/01/2012 8:12 pm
Hi hamstrung
Sorry you'll need to expand on this.
In insolvency ( trust deeds etc) the interest is based on ownership status ie solely or jointly owned. Beneficial interest is more confined to divorce actions etc.
I think that's what you mean ( I hope)
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
19/01/2012 8:22 pm
Hi mark yes I think maybe I go my wires crossed here, divorce is not planned yet!! Although if I don't get my finances sorted you never know.:( I think that luckily I have a great and supportive partner and I was glad that she was the one to say enough is enough.
P.s. do you never sleep (lucky for us)
Thanks again for your help!
19/01/2012 8:25 pm
Hi Hamstrung
Comes with the job I'm afraid. Easiest thing in to do 9-5, but we've never been that kind of business. Plus smartphone & crap telly helps!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
