C
canarydan
New Member
Hi all,
I've recently found out that my sister and I are listed as owners and proprietors of the family home we grew up in.
My Mum died after an illness back in 2010. Aware the end was possibly looming, she added her own codecile to the joint will she had with my old man. My understanding was that this essentially required the will's trustees approval before the family home could be sold, so Dad couldn't just act independently on issues to do with the house, or indeed sell it, without the approval of the trustee's (of which he is also one).
He has long since moved from the home and lives elsewhere and rents out the family home; however, purely out of curiosity, I was surfing the net and saw the Land Register search and figured I'd buy the title register documents to have a little butchers at what it says.
I was surprised to read that it actually lists my Dad, my sister, me and my Auntie (my Mum's sister and Trustee of the the will) as Owners and Proprietors. So my question is, does this part-ownership actually make me a second home owner? If I sold my own home in which I now live and own with a mortgage, would I be subject to additional property stamp duty? And as a listed co-owner, would I and fellow co-owners have a legal claim over the rental income?
Thanks in advance for any help you can offer.
Cheers,
Danny.
I've recently found out that my sister and I are listed as owners and proprietors of the family home we grew up in.
My Mum died after an illness back in 2010. Aware the end was possibly looming, she added her own codecile to the joint will she had with my old man. My understanding was that this essentially required the will's trustees approval before the family home could be sold, so Dad couldn't just act independently on issues to do with the house, or indeed sell it, without the approval of the trustee's (of which he is also one).
He has long since moved from the home and lives elsewhere and rents out the family home; however, purely out of curiosity, I was surfing the net and saw the Land Register search and figured I'd buy the title register documents to have a little butchers at what it says.
I was surprised to read that it actually lists my Dad, my sister, me and my Auntie (my Mum's sister and Trustee of the the will) as Owners and Proprietors. So my question is, does this part-ownership actually make me a second home owner? If I sold my own home in which I now live and own with a mortgage, would I be subject to additional property stamp duty? And as a listed co-owner, would I and fellow co-owners have a legal claim over the rental income?
Thanks in advance for any help you can offer.
Cheers,
Danny.