C
Chris Pattinson
New Member
A friend of mine is having some issues with a property, and is on the verge of paying a large sum of money to instruct solicitors, but I’m not sure if that is actually necessary. I was wondering if you could offer any advice?
In a nutshell, the situation is…
My friend (Bev) owned a property, I'll refer to as The Flat. She then started a Lettings Business with a partner and transferred ownership of The Flat in to the company name, in exchange for a registered charge on the property in Bev's name. Bev’s role in the company was a silent partner, it was the other director that managed the day to day running of the business.
The company was subsequently dissolved due to the other company director not filing returns, etc. At the time the company was dissolved, it had assets (including The Flat),and these assets passed to the Crown as bona vacantia.
The Crown's Treasury Solicitor disclaimed their interest in The Flat on 12th January 2018.
My question is, how does Bev now go about getting the property transferred back in to her name? The Crown no longer have an interest, the Company has no interest as it no longer exists, so Bev is the only remaining party with a beneficial interest.
Is it a case of making application to the Land Registry to have the record amended?
Any advice or information on this would be greatly appreciated!
Thank you!
In a nutshell, the situation is…
My friend (Bev) owned a property, I'll refer to as The Flat. She then started a Lettings Business with a partner and transferred ownership of The Flat in to the company name, in exchange for a registered charge on the property in Bev's name. Bev’s role in the company was a silent partner, it was the other director that managed the day to day running of the business.
The company was subsequently dissolved due to the other company director not filing returns, etc. At the time the company was dissolved, it had assets (including The Flat),and these assets passed to the Crown as bona vacantia.
The Crown's Treasury Solicitor disclaimed their interest in The Flat on 12th January 2018.
My question is, how does Bev now go about getting the property transferred back in to her name? The Crown no longer have an interest, the Company has no interest as it no longer exists, so Bev is the only remaining party with a beneficial interest.
Is it a case of making application to the Land Registry to have the record amended?
Any advice or information on this would be greatly appreciated!
Thank you!