Quote:
Originally Posted by AdamD
Yay a new letter.
It says:
XXXX = Partner
YYYY = Partner's sister or brother, not sure.
Not exactly sure how the mortgage is going to "revert" to £450 a month after his partner pays off the £3000 worth of arrears, perhaps I'm just reading it wrong.
|
Another big fat lie.
Unless all the mortgage holders are present no agreement can be made or signed. He cannot go to Santander and arrange this without your agreement.
As for there being a charge against the property this should only be against your brothers share (if he is the person the restriction has been placed against) and you and your father would have received letters from the Land Registry individually addressed notifying you of this. This does not prevent onward sale but you do need to have a solicitor who understands this particular rule for sales purposes. Any money raised from the sale of his share would have to pay back the creditor who got the charging order first.
If Santander sell you will probably only get 70% of the market value.