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Help! Deed of variation
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Doorlock21
Posts: 166 Forumite
In crisis mode!
3 weeks until our mortgage offer expires and are meant to exchange on Monday.
we are selling our house and now our buyers solicitors are saying their lender need a deed of variation for the estate charge that states that they need 21 days prior notice.
We have a transfer deed that says this states within it that before exercising any such powers and remedies the Rent Charge owner shall have given no less than 28 days prior written notice of its intention to do so to any mortgage lender.
Our solicitor has said In their opinion they feel a Deed of Variation is not required as their lender required the notice period to be 21 days but the transfer deed as currently drawn provides for 28 days.
3 weeks until our mortgage offer expires and are meant to exchange on Monday.
we are selling our house and now our buyers solicitors are saying their lender need a deed of variation for the estate charge that states that they need 21 days prior notice.
We have a transfer deed that says this states within it that before exercising any such powers and remedies the Rent Charge owner shall have given no less than 28 days prior written notice of its intention to do so to any mortgage lender.
Our solicitor has said In their opinion they feel a Deed of Variation is not required as their lender required the notice period to be 21 days but the transfer deed as currently drawn provides for 28 days.
If we had to get a deed of variation, how long does this roughly take?
I’m freaking out that after 8 months, this could make everything fall through!! As we have 3 weeks!
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@forumteam@moneysavingexpert.com
Hi, this is a duplicate post of this one - https://forums.moneysavingexpert.com/discussion/6417077/help-deed-of-variation#latest
The other post is probably in the best place so have reported this one. Many thanks.Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.0
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