Hi
Buying a house via an asset manager/receiver for market value.
As expected the solicitors are being very unhelpful our latest and final issue is that there are 3 mortgages on the property.
When our solicitor tried to confirm all these would be discharged when the Sale was complete. He was told that they can only clear the receiver/Boi's mortgage ie the Bosi and another finance firm charges/mortgage they didn't have to clear.
The contract doesn't say we've to take these on and we certainly didn't agree to that.
But now we are having to argue our case and it sounds like it's falling on deaf ears. We understand either they hand back to the bank to sign over as mortgagee in position or clear the charges from the sale proceeds. But they seem unwilling to do either.
Any advice before we walk away or case/law that insists they give us a clear title. It seems they cannot expect us to just accept these charges when they were never disclosed as part of the sale ?
Thanks
Buying a house via an asset manager/receiver for market value.
As expected the solicitors are being very unhelpful our latest and final issue is that there are 3 mortgages on the property.
When our solicitor tried to confirm all these would be discharged when the Sale was complete. He was told that they can only clear the receiver/Boi's mortgage ie the Bosi and another finance firm charges/mortgage they didn't have to clear.
The contract doesn't say we've to take these on and we certainly didn't agree to that.
But now we are having to argue our case and it sounds like it's falling on deaf ears. We understand either they hand back to the bank to sign over as mortgagee in position or clear the charges from the sale proceeds. But they seem unwilling to do either.
Any advice before we walk away or case/law that insists they give us a clear title. It seems they cannot expect us to just accept these charges when they were never disclosed as part of the sale ?
Thanks