My hubby has wrote this letter to the OR, please could you give your thoughts.
Dear OR
I am writing to you with regards to the above property. I would like to purchase the Beneficial Interest in the property. Therefore I would like to offer the nominal sum of £1, plus the costs of legal fees for this to be actioned.
I have made a number of calls and been advised that the property is not realistically going to sell for more than £170,000.00, especially in this current market. I am unable to actually get any agents out to the property as they feel it is a waste of time, because the property will not actually be going on the market. I have also purchased an online valuation (which is enclosed) as well as printing off a couple of details of houses with the same specification as ours that are currently on the market with local agents. Finally I have printed off a few ‘sold’ house prices for the past 2 years with a very close vicinity to ours (1 is actually in the same road).
I am eager for this to be completed as soon as possible, as you can imagine this is a very stressful time for all concerned, and would like it to be finalised before Christmas if at all possible.
I would like to add that my wife was only working part time (24 hours per week) when we applied for the mortgage, in fact I am not even sure my wife’s income was taken into account on the application. We only got her name on the mortgage as security for the children. My wife has never contributed to the mortgage, as her wages didn’t even cover her debts at the time. I also took out a loan of £15,000.00, and have paid for it ever since, to service the deposit as there was not enough equity in our previous property.
With all this in mind I feel that even if there were any equity in the property it would indeed be mine.
