We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Shared Equity - solicitor required?
Ian010778
Posts: 1 Newbie
Hello all,
I'm about to settle a shared equity loan that is secured on my house. I have the funds secured through additional borrowing with my current mortgage provider and the debt management company have signed off everything they need to (valuation etc.).
However, I've been told that I need a solicitor to complete the transfer of funds and update the Title Deeds - does anyone know if this is something I can do myself in order to save on the solicitors fees please?
Any help with this appreciated.
Ian.
I'm about to settle a shared equity loan that is secured on my house. I have the funds secured through additional borrowing with my current mortgage provider and the debt management company have signed off everything they need to (valuation etc.).
However, I've been told that I need a solicitor to complete the transfer of funds and update the Title Deeds - does anyone know if this is something I can do myself in order to save on the solicitors fees please?
Any help with this appreciated.
Ian.
0
Comments
-
Not normally, no.
Someone has to have the title and the charges changed and a mortgage lender will not normally trust that to the applicant.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards