change of equity / transfer of ownership halifax

amnblog

They have checked you out, but not mentioned underwriting?

Have they taken proof of ID, address, income?

Have they run a credit score?

masteranderson15

amnblog wrote: »

Because you were not speaking to the people who make it happen would be my guess.

Sorry i'm not sure what you mean here ?

I have been speaking to the mortgage advisor at Halifax Denton Branch who advise me of the fees/process involved etc

masteranderson15

amnblog wrote: »

They have checked you out, but not mentioned underwriting?

Have they taken proof of ID, address, income?

Have they run a credit score?

Yes they have taken proof of ID , address and income and said that its a pass. I've don't remember him mentioning underwriting. He used the term transferring ownership. He did ask whether i would be interested in seeing if they was a cheaper mortgage option available but i didn't want to be locked into another 2/3/5 year variable/fixed mortgage again.

amnblog

Sounds like you had better write the cheque out to the solicitors.

masteranderson15

amnblog wrote: »

Sounds like you had better write the cheque out to the solicitors.

stupid legal fees lol :huh:_pale_:silenced:

Thrugelmir

masteranderson15 wrote: »

stupid legal fees lol :huh:_pale_:silenced:

Unlikely to be the only costs you'll incur by the sounds of it. :eek:

Foxy-Stoat_3

masteranderson15 wrote: »

stupid legal fees lol :huh:_pale_:silenced:

Unfortunately legal people are needed for transferring the legal ownership of small insignificant things like houses.

If you buy a house legal fees are normally double what you have to pay, so its not that bad.

Do you have a mortgage offer agreed?

Goldiegirl

masteranderson15 wrote: »

They have checked me out and i pass with flying colours so i'm told. it's just a little annoying that i have to get legal involved to complete the land registry form on my behalf and they want to charge £600 for the priviledge.

I'm obviously going to have to pay the £600 but i was wondering if any one had experience of challenging this and was able to use a different company or do it themself :cool:

I explained in my post on 11th why the Halifax require a solicitor that is on their panel to act in a Transfer of Equity.

There's no point in challenging it, because they won't proceed if a panel solicitor hasn't been appointed, end of story.

You'll need to trust me on this, as i processed Transfers of Equity for about 15 years when I worked for the Halifax, and no one was ever permitted to 'do it themselves'.

A borrower could appoint a non panel solicitor to act on their behalf.

But the Halifax would still require one of their panel solicitors to act for them, and you'd still have to pay for it.

It's far easier to use one of the panel solicitors to act for you as well, otherwise you'd pay for two solicitors, and would risk confusion and delay as two solicitors liaise with each other.