Halifax mortgage and certificate of title

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

Comments

  • Joe_Bloggs
    Joe_Bloggs Posts: 4,535 Forumite
    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.
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