Halifax mortgage and certificate of title

desperado1_2

Hi wondering if anyone can help me?

My brother is looking to buy me out of my share of my late fathers house.

My brother has been agreed a mortgage of £100k with the Halifax, value of the property is £200k.

The problem we have is that Halifax have sent to his solicitor the certificate of title, stating purchase price is £200k, but his solicitor is not prepared to sign this as my brother is only borrowing £100k.

Halifax are not prepared to change the title and his solicitor is not prepared to sign it.

Can anyone explain why halifax have quoted £200k purchase price, and is there anything we can do because at the moment we are in a stalemate position.

Thankyou very very very much

Joe_Bloggs

My guess is that as a partial vendor of the property that you should have a solicitor to act for you. Perhaps a second opinion from an experienced conveyancing solicitor would help.
J_B.