Might be a fairly specialist question! But if anyone has experience I'd be grateful. Going to put it to my solicitor too, but on the off chance someone can point to information that says "absolutely no" it'll save me paying for that from solicitor!
So - I'm divorcing, and the plan is to put a second charge (after mortgage, which he is taking over) on our matrimonial home - the % of my equity. This should be OK, but there is a small possibility the underwriters will refuse him to take over mortgage if the charge is on (according to mortgagor).
So thinking through other options.
He is in a family firm, two members of pension scheme. Pension fund owns two residential properties. A google of property as pension investment suggests they'll be in the name of the trustees of the pension fund.
Is it legally possible to put a charge on a property that forms part of a pension fund?
I'm sure triggering a sale at some point would be hugely detrimental due to paying back all tax relief attracted by it as a pension investment. But as a temporary measure for protecting my money, it could be a useful backup option!
Thank you!
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Putting a charge on a property owned by a small pension fund? Possible?
6 replies
Cabrinha · 10/05/2013 21:18
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babybarrister ·
13/05/2013 10:45
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