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Shared equity Mortgage paying Off equity loan
jonestom
Posts: 38 Forumite
Time has come to pay off my shared equity.
I have borrowed the money to pay it off, but the third party are saying I have to go through a solicitor to pay it.
I have contacted a solicitor and been told they can do this for me at a cost of £250 plus vat, but also told me it wasn't necessary to use a solicitor
.
I am dealing with a company who acting on behalf of the shared equity company thus I'm having to pay their fees as a final redemption fee and am paying interest as long as the process drags on. Paying another £300 to a solicitor unnecessarily would obviously be my preferred option.
Any advice would be welcome. Can I insist on paying without solicitor involvement or is there something legally obliging to go through a solicitor?
I have borrowed the money to pay it off, but the third party are saying I have to go through a solicitor to pay it.
I have contacted a solicitor and been told they can do this for me at a cost of £250 plus vat, but also told me it wasn't necessary to use a solicitor
.
I am dealing with a company who acting on behalf of the shared equity company thus I'm having to pay their fees as a final redemption fee and am paying interest as long as the process drags on. Paying another £300 to a solicitor unnecessarily would obviously be my preferred option.
Any advice would be welcome. Can I insist on paying without solicitor involvement or is there something legally obliging to go through a solicitor?
0
Comments
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Please disregard this post, I misinterpreted the solicitors advice and it IS a legal requirement to pay the shared equity loan through a solicitor.0
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