Would the mother be willing to go to court and fight the transfer of the property to the child? Did she get independant legal advise (ie not the same solicitor as the father)at the time of the transfer in 2004, I believe there are rules on this, family home protection act springs to mind. What does the owner of the property have to gain by not repairing the property? The mother needs to go to a solicitor.
She would not be willing to go to court. She did not get independent legal advice. I have not heard of the family home protection act I will look it up.
I suspect that, as suggested above, that the next move will be "I cant afford to maintain the property we will have to sell it" (and take the profit of course)
is the 'approx 30% of its market value' based on the 2004 market value? Was it independently valued at the time to arrive at this market value? What condition was the house in at that point in time?
Based on 2004 value. I haven't seen a copy of the valuation. I was told that it was only worth x amount when in fact it was worth, at the very least 3.5x. It is a considerable property. x would barely buy you small plot in the same area so my estimation of it's value is conservative. It's market value is probably at a similar level now as i don't think we have returned to 2004 market level yet. But of course it's value is diminishing by the day and the owner is anxiously watching profit disappear.
Thanks for your replies. I'm really wondering if there is a legal precedent for this or has anyone come across anything similar in their experience.