In the event that you and/or your partner, civil partner or partner own your house, your legal rights will be different according to whoever title is from the title deeds and whether or perhaps not you will be hitched. These facets affect who’s accountable for having to pay the home loan along with other home costs, what are the results if either of you desires to offer the true house, and what are the results in the event the relationship stops working or certainly one of you dies.
Whom has the house?
Who owns a residential property may be the individual whose title is regarding the name deeds. Title deeds are registered using the Land join (join of Scotland) or recorded within the General enter of Sasines. These registers contain details about the ownership of all of the land in Scotland.
A residential property could be owned just by one individual (a owner that is sole, or it could be owned jointly. If you along with your partner own your house together, both your names is going to be from the name deeds. The individual whoever title is regarding the name deeds does not need to be necessarily the one who has taken care of your home or applied for a home loan to fund the house – even though the information on the home loan will be in the title deeds on their own. Continue reading