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Halifax mortgage and certificate of title
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desperado1_2
Posts: 57 Forumite
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
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
0
Comments
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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.0
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