Help needed! Anyone work for Halifax legal team?

kingstreet

superbabe612 wrote: »

But even if he did need to fund his own care, we could remortgage or sell the house. There's an assumption that we'd intentionally leave him stranded or defraud the local authority! The equity in the house means we could remortgage to fund his care on a regular basis or if necessary sell up, repay the gift and pay off the mortgage or transfer it to a smaller property. Either way, the lender will get their money back. How do I convince them of that?!

You misunderstand. No-one thinks you're on the make here!

It is not a question of you doing something illegal or immoral, it is a simple financial risk to the security of the property you are asking Halifax to take on. They will take the view that whatever you might WISH to do, something prevents you. You can't sell, you can't remortgage and so on.

We get plenty of cases of changes of circumstances stopping people selling, remortgaging, buying, taking someone off the mortgage/deeds, putting someone on. If there's one thing lenders hate, it's uncertainty. The only hope I have for you is that somehow, someway, this has come up before and Halifax has some solution available to you.

superbabe612

Sorry, I didn't mean to cast aspersions here. I meant our solicitor and/or lender seem to assume we're the bad guys!

Halifax say their 'Legal (team) do not have a lending mandate, and cannot confirm whether it is in order to proceed' so I presume that means they haven't come across this before and they have no solution. They want our solicitor to advise them (since they're acting for both parties) but our solicitor has refused (presumably because they don't want to be sued if it all goes wrong!), so we're stuck in the middle!