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Beneficial Interest

hi i have been offerd the BI in my house .the property is in negative intrest .the OR put on the letter that i need to get a solicitor or a licensed conveyancer ,what is the best thing to do and how much will that cost ?
thanks richard

Comments

  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    It is my understanding that you pay £1 plus £211 solicitors fees to the OR. You don't need to have your own solicitor.

    :j :j


  • rih09
    rih09 Posts: 58 Forumite
    edited 31 October 2009 at 10:01AM
    i spoke to the OR ,my case person was away and was put through to someone who was not helpfull.and he said i had to sort out my own solisitior as he thought it was not thier job to arange the BI sale to ourselves ?
    also i asked what is a licensed conveyancer and he did not know!
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Tell him you need to speak to the OR if he doesn't know. They do use a solicitor and it is up to them to do this.

    :j :j


  • sieve
    sieve Posts: 1,095 Forumite
    rih09 did you get an answer from your OR about this?
    BR 08/04/09 | ED 02/10/09 :grin: | BSC 255
    I made it through! :grin:
    Don't ignore a problem. Unlike a bad smell, it won't eventually go away.
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