Posted on 18 October 2012 by Tony
I have a ltd company that is paying the mortgage for my house. i have recently seperated does the ltd company own my 50% of the property when it is sold. thank you kind regards. tony
Unless the title deeds of the property are held in the Ltd Company name, then the company won't have any ownership over the property. If you are looking to take out a further mortgage once the current property has been sold, then please let me know and I'll arrange for you to speak to one of our consultants who I'm sure will be able to help you.
Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.
We recommend you seek professional advice with regard to any of these topics where appropriate.