05 Jan 2016

A question about : Beneficial Interest Post BR

Hi all,

We went BR back in 2009 and at the time we had little equity in our house so a family member bought the beneficial interest for Ј1.

Anyway, it all went swimmingly and we went through until now not worrying about it at all.

Currently our house is on the market as we're looking to upsize but I'm unsure if I need to do anything about the BI?

Do the titles need transferring back to us, or anything else?

The other thing is, that we were lucky enough in the past few years to have overpaid on our mortgage and with the value of houses going up, we're currently looking at about Ј50k equity.

Will the OR look at us again or is this done with once and for all?

Best answers:

  • Surely if you bought the interest it's nothing to do with the official receiver?
    Plus its over the three years?
Category: 
Bankruptcy & Living With It
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