DIY conveyancing

G_M

shazzerp wrote: »

...My mortgage company have given me an account number in the bank where they can accept the money and they will contact land registry and dicharge the mortgae. I will have to wait till monday to ask the solicitor of the buyer to see if she is happy with that..

Let us know how you get on. I'l be interested to see if this works out for you.

G_M

SailorSam wrote: »

....
G-M, although i did the conveyance while i still a mortgage, the Abbey National insisted i still paid their Solicitor, he was suppose to have checked i hadn't made any mistakes, but the main reason i needed him was to be there handing over the money.
Do you mean he was physically present at Completion? And buyer handed over 2 cheques: 1 to you and 1 to lender's solicitor?

If so, that seems to be similar in principle to what OP is hoping to arrange ie payment direct to the lender.

I remember a couple of the books i read at the time saying, selling was much easier than buying. So long as you don't move out until you get your money, even if a mistake has been made that's the buyers worry. When you're buying if a mistake is made you could be left without a home.

That is certainly true.

There are far more checks and processes involved with buying, and any mistakes will come back to bite you once you own the property.

As a seller all you have to do is collect the cash before handing over the keys. Though as I say, dealing with a mortgage Charge removal is a complication.

shazzerp

The bank have said they do the bit where the charges are taken off the house with the land registery.