I took a mortgage approx 2 years ago on a UK property. The solictor who dealt with the purchase has contacted me in reason days, saying the bank have lost the mortgage registration form and need me to resign.
What I believe happened in the solictor registered the wrong bank as having the mortgage as we were considering financing with 2 different banks. Now the land registry shows a bank holding a mortgage interest which has none and a bank that does have a mortgage as not having one.
My believe is if we currently defaulted on the morgage the bank that holds the mortgage can not repossess it as in law they have no interest. We have no intention of defaulting, but as I seem to have ended up with a few aces in our hand I feel we should not be in a hurry to resign an documents.
Anyone had a similar experience.
What I believe happened in the solictor registered the wrong bank as having the mortgage as we were considering financing with 2 different banks. Now the land registry shows a bank holding a mortgage interest which has none and a bank that does have a mortgage as not having one.
My believe is if we currently defaulted on the morgage the bank that holds the mortgage can not repossess it as in law they have no interest. We have no intention of defaulting, but as I seem to have ended up with a few aces in our hand I feel we should not be in a hurry to resign an documents.
Anyone had a similar experience.