Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Inherited property, transfer of equity - help!

7 replies

TightPants · 19/11/2019 16:54

Posting here for more traffic, hoping some legal eagles are around!
My sister and I inherited my late mother’s house. She wants to buy me out and has a mortgage arranged to do so.

The thing is, I instructed my conveyancer in May and it’s still not sorted!

Surely this isn’t normal? The only snag was that the house was still in mum’s name with the land registry so that had to be changed over.
My sister says she’s signed all paperwork her solicitor has given her, and mine seems to be useless - only chasing when I ask her to.

Can anyone tell me if this is too long for what I was assured at the beginning of the summer wouldn’t take long?

I’ve got debts to pay and am completely broke. I need this money to pay for Christmas!

Hoping someone can advise.

OP posts:
LighteningRidge · 19/11/2019 18:18

I can't believe it has taken this long (previous conveyancer here!). A transfer of equity can be turned around relatively quickly with each side being on the ball even with a mortgage involved. I would be concerned that your sister's mortgage offer may be due to expire (generally a high street bank e.g. Santander lasts six months) and she may need a new offer - you mention this started in May!

Unless there is some other factors involved which we don't know about i.e. legal issues etc, and I would ask why there has been such a delay, otherwise I would make a complaint. Are you using a local solicitor you can visit?

TightPants · 19/11/2019 18:18

Hopeful bump!

OP posts:
TightPants · 19/11/2019 18:22

@LighteningRidge - sorry, bumped before I saw your reply!
Yes they are local. She’s very off hand with me generally, but the firm came recommended so I thought she was having a bad day Confused

I’m currently trying to contact my sister’s solicitor as I’m feeling fobbed off by mine, but he’s not called me back 🙄

I’m really starting to lose patience with this!

OP posts:
LighteningRidge · 19/11/2019 18:31

Your sister's solicitor will not be able to speak with you unfortunately. It is against the codes of practice. Could you ask your sister to speak with her solicitor to see what they are waiting for?

LighteningRidge · 19/11/2019 18:35

I'm not surprised you're losing patience. If there is no good reason e.g. a title issue/legal issue needs sorting (btw generally the property would not have had to be transferred out of your mum's name first, but without knowledge of the papers I can't say for certain!) I would take it up with the head of department. Your letter of engagement you should have received at the beginning should tell you who you can complain to.

TightPants · 19/11/2019 18:46

The executer was our dad but he missed changing the land registry to our names, so that had to be sorted out first, but he’d done everything else correctly.
To my knowledge that was sorted out quite early in the proceedings.

It’s literally the transfer of equity now, and I’ve not been told of any problems.
I’ll check the letter of engagement to make a complaint.

Thanks for your advice @LighteningRidge.

OP posts:
LighteningRidge · 19/11/2019 18:56

No problem @TightPants, I hope it gets resolved for you. It's a shame, because it's already a tough enough time for you all and this won't be making it any easier I'm sure!

New posts on this thread. Refresh page
Swipe left for the next trending thread