The mortage and deeds are all in my name and was wondering if my wife could buy the garden from me.
Not to make money but just to have the house and the garden seperat. It's a freehold any help would be great
It would have to be valued for a legal transfer, so good luck with getting an estate agent to value it and the land registry to find the appropriate title!!!!
I really don't understand why you would want to do this.
At the moment I take it that you and your wife live in the house and that you both have access to the garden.
Do you think that this situation is likely to exist forever?
Things can change and sometimes the change is outside of our control
I think by doing as you wish you are both complicating your affairs, and perhaps creating difficulties in the future.
Thanks for your concerns about our personal welfare in the future but there is no need.
Situation
Our house may at sometime in the future come under a compulsery purchase order i.e the Gov make us sell to a development company at full market value they built 5+ houses on our land and make loads of money we are left unable to get a new mortgage.
If our house and garden are seperate we will get a fair price for the land
snatchy 79 ---I see where you are coming from now.This an attempt to maximise the value of your assets--yes.
Well nothing wrong with that in my view, but Ithink you are going to need specialist advice to ensure that things are watertight in case of any eventuality.
sorry do not have that expertise but good luck anyway.
if you really want to complicate life why not make her a Deed of Gift. My husband did that for me with a cottage, of course I can't walk out of either door and he left his property to my daughter, so when I go my son will be the proud owner of a prison cell. lol