UK Property Law
Get UK Property Law Questions Answered by Experts
No, if the house is subject to a mortgage then there will be a charge registered against the title to the property. This would prevent any transfer without the lender's consent. If she cannot afford to be the sole name on the mortgage then they will not consent to the transfer.
In the event of the company going in to liquidation then unless the house (or a charge on the house) is an asset of the company and you incur personal liability through your role as director (which is pretty uncommon) then the house is not at risk.
If this has been useful please kindly click accept so that I may be rewarded for my efforts. It wil be gratefully received and you will be free to ask follow up questions.
Unfortunately, in that case there're is not much you can do. Were you table to attempt to siphon off the asset (the house) then insolvency legislation would mean that that the transaction could be set aside anyway.
A very difficult position, I do sympathise. Please kindly click accept.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).