If a relationship ends amicably, sorting out financial matters should not pose much of a problem. However, if the split has been difficult it is imperative to be willing to stand and fight for financial and property rights. Following are some basic financial protection tips for when a relationship breaks down and a split up occurs.
How to Deal With Property When Splitting Up
Whether a couple are married or not, the first thing to do when splitting up is to make sure both names are on the Title Deeds of a joint property. This means that the house cannot be sold or remortgaged without the knowledge of both parties. If a wife, husband or partner is not on the title deeds it is possible to make the necessary alterations with the local Land Registry Office.
To change the Title Deed it is necessary to know the Land Registry number of the property, which should be available from the building society or bank where the mortgage was taken out. Once the property is safe from a secret sale sensible discussions can take place to decide on the best course of action.
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