Richard Wollacott

Director and Solicitor

Residential Property

Meet the team

Ask a

Request an

Meet the

Joint Ownership

There are two types of joint ownership available if you buy a property with another person, whether it is a spouse, partner or friend.

The first option is to be beneficial joint tenants, where you both own the property equally and you must act as a single owner if you choose to sell or remortgage, etc. You cannot give away a share of the property in a will. If you die, your share will pass to the other joint owner.

The second option is to be a tenant in common, where you own the property jointly but also own a specific share of its value. You can give away or sell your share and if you die, your share passes to the beneficiary in your will.

We can explain these to you in more detail when it comes to purchasing a property, and ensure you have the knowledge to choose the most suitable option.

Buying a property? What to do if you are putting i...

It is often the case that people jointly purchase a property but contribute different amounts, either to the i...

New Minimum Energy Efficiency Standards for Landlo...

Landlords must now ensure their properties meet new minimum energy efficiency standards and if they do not*, c...

The Deregulation Act: Further requirements for lan...

Previously, the 2015 Act only applied to tenancies granted on or after 1st October 2015. Three years on, and t...

Guide to Mortgages

Guide to mortgages including explanations of your obligations as a borrower, vacant possession, indemnity insu...

Guide to New Builds

This information guide contains useful information relating specifically to newly built properties and should ...

Guide to Remortgages

This information guide is intended to provide you with a brief outline of the work involved in a remortgage tr...

Training and Examination BIIAB level 2 Award for Personal Licence Holders

Date: 11.12.2019

84 Friar Lane

You can obtain the Award for Personal Licence Holders (APLH) once completing your BIIAB Level 2 training, which has been a service provided to Nottinghamshire by Fraser Brown solicitors for over 12 years. ...

CVA and Rent - Two Perspectives

In the recent Debenhams' Company Voluntary Arrangement case, the High Court rejected an application brought by...

The National Franchise Exhibition 2016 Survey

Fiona Boswell presents the results of the survey Fraser Brown conducted at the National Franchise Exhibition 2...

New mortgage rules set for 2014

Tougher rules on UK mortgage lending were confirmed at the end of October 2012 by the Financial Services Autho...

Sitemap | Ask a question | Careers | Accessibility | Terms of Use | How we handle your data

© 2019 Fraser Brown Solicitors. Authorised and regulated by the Solicitors Regulation Authority.
SRA Number: 0048586   |SRA |  VAT Number: 116 4751 78

Fraser Brown is a partnership of limited companies. Any references to partners in any document should be taken as being references to the directors of the limited companies and not to individual partners of the firm.