I have never signed my mortgage agreement, is it enforcable

socrates

michellekillen wrote: »

Thanks for all of your comments, the person who i bought the house from has been paid, the title deeds are in my name, and from what I can see there is no charge on the property.

If they dont need my signature to enforce the loan why did they start asking for it when I asked for a copy of the loan agreement?

I have also checked with soliciotrs and they have no copy of the mortgage agrement being signed, apparently they are supposed to ensure this is signed before they release the funds, does any one know if this is correct??

Have you obtained details from the Land Registry - exactly what does it say on the report?

If as you say there is no charge - 'ringfence' the property with ANOTHER solicitor.

If the bank has no charge they will have to go back to the original solicitor who acted on your and their behalf.

His indemnity insurance will have to pay out.

I have heard a couple of cases recently where solicitors know they are going to 'abscond' and do exactly this to get some quick money.

Its highly irregular BUT if it can go in your favour and the indemnity insurance will pay then go for it!

Several LL's who have large portfolios have done this on a number of occasions especially before electronic records at LR.

So in short get a LR Report and go to another solicitor

Radiantsoul

Your solicitor seems a little bit odd to me to be asking for a percentage of the loan amount. If it is as easy as they claim they are going to be getting £9,000 for a few hours work. Solicitors generally charge per hour...

You might want to repost this on the buying, selling and renting thread and hoping Richard Webster responds, he seems to know his stuff.