Can anyone advise me please? I have received a B136 Notice (Application to register a restriction against the land) following my recent divorce and financial settlement. The notice has been issued by my x husbands solicitors and I don''t understand what it is all about.
The marital home has been transferred into my sole name and I have received the relevent documents. I was able to buy my x husband out with savings and taking out a mortgage (the house was mortgage free prior to this and neither of us has any other debts). However, the financial settlement also included £2,000 which was deferred until I retire in 8 years time should I not die or remarry in the meantime. I think this is probably what the B136 is about although it does seem a bit petty! I have not intentions of selling the house in the near future - should I consent to the restriction notice?
The form is to put a charge on the property. It''s fairly standard for the house to be transferred to one spouse and the other spouse maintain their interest in the form of a charge which is to be paid on a specific date or when the property is sold.