buying house vendor cant find or has lost deeds

nik1984

hi im buying a house we are about 6 months in the process but now seller cannot find the deeds or know if it exists , the solicitor said we will have to take out insurance to protect me and vendor, cost of £110 but seller does not want to meet this cost , as they have contributed some money as a gift towards some legal fees
so is this right and safe for me to meet this cost ?

any help appreciated

thanks

clutton_2

if he wont pay and you want the house.. then pay up.....

DVardysShadow

Vendor should meet this cost in full. It is second best to providing the deeds. If they don't appreciate the value of the deeds, they are getting away lightly at £110. As for 'a gift towards some legal fees', that is just part of the negotiation on price.

nik1984

not sure what to say to the solicitor , this was in house solicitors as two seperate solicitors one for us and one for vendor under one roof and thought the process would have been quicker , but has taken 6 months !

googler

If the vendor has a mortgage, then the mortgage co will have the deeds, not the vendor...... could the reason he can't find them be as simple as this?

nik1984

we do have an electronic copy from the land registry showing the vendor as title absolute , this was a copy in the hip pack

DVardysShadow

nik1984 wrote: »

we do have an electronic copy from the land registry showing the vendor as title absolute , this was a copy in the hip pack

It strikes me you need to change your solicitor PDQ.

If the property is registered with the land registry, the deeds are now redundant. You should change your solicitor because this lot should have explained all of this to you and should not be talking about indemnity policies.

In fact, if your vendor is making ' a gift' to cover your legal expenses and everyone is using the same solicitor, alarm bells are ringing. Is the solicitor arranged through the vendor's agent?

Change solicitor now, don't start by regretting the money.

nik1984

what pdq mean mate

DVardysShadow

nik1984 wrote: »

what pdq mean mate

pretty damn quick

hazyjo

googler wrote: »

If the vendor has a mortgage, then the mortgage co will have the deeds, not the vendor...... could the reason he can't find them be as simple as this?

Yeah, that *points up*.

But then surely your solicitor would have checked that first? Very strange you've not mentioned they're not with the mortgage co... it's pretty bog standard practice!

Jx

satchmeister

DVardysShadow wrote: »

It strikes me you need to change your solicitor PDQ.

If the property is registered with the land registry, the deeds are now redundant. You should change your solicitor because this lot should have explained all of this to you and should not be talking about indemnity policies.

In fact, if your vendor is making ' a gift' to cover your legal expenses and everyone is using the same solicitor, alarm bells are ringing. Is the solicitor arranged through the vendor's agent?

Change solicitor now, don't start by regretting the money.

Quite, six months to do a simple transaction ... doesn't know that deeds are now electronic ... still uses a quill pen and is looking to install one of those new fangled telephones once the gas lights have been replaced ...