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givemestrength
Junior Member
United Kingdom
141 Posts |
 Posted - 18 May 2009 : 12:30:50
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| hi everyone, my partner and i both went bankrupt in feb he has now had a letter regarding the BI in the house..part of it says they will require payment of their solicitors costs in advance of the transaction..is this the £211? or will we have to pay more? it then says there are some other points to consider..the purchaser may want to employ his/her own solicitor or licenced conveyancer to act for him/her . do we have to get a solicitor as well? thanks |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 18 May 2009 : 12:53:55
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Hi,
Yes, that sounds like the £211. As far as I am aware you don't need your own solicitor unless you really want one and this will also cost you more money. |
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slippery
Starting Member
19 Posts |
Posted - 18 May 2009 : 13:05:57
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hi there
i have just bought my B/I back off the O/R and i just payed the 211 fee and left them to sort it and low and behold 2 weeks later got paper work through to say transaction had been completed, restrictions lifted
it was that easy |
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givemestrength
Junior Member
United Kingdom
141 Posts |
Posted - 18 May 2009 : 13:15:24
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| hi,thanks for the comments its made it clearer now, what does restrictions lifted mean? sorry to sound a bit thick but i am at the moment my heads fully loaded.. |
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givemestrength
Junior Member
United Kingdom
141 Posts |
Posted - 18 May 2009 : 13:55:13
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| we still need a valuation do we have to pay for that, im not a very good liar and probably end up telling them the reason why we need it valued, or do they do free valuations no questions asked? any advice greatly appreciated. |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 18 May 2009 : 14:18:49
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| You will probably need to get the valuation but just tell the Estate Agent that you need to move due to new employment so want a quick sale. This should mean that they give you a realistic price rather than the one that they would put the house on the market for originally and then reduce in 6 weeks time. |
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slippery
Starting Member
19 Posts |
Posted - 18 May 2009 : 14:32:13
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the O/R will have put a mark on the land registry so if you sold the house this would show up on the land registry search people have to do when they buy a house
this is removed when you have paid the 211 fee and paper work is completed, hence restrictions lifted
hope this helps |
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slippery
Starting Member
19 Posts |
Posted - 18 May 2009 : 14:36:17
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also i got a estate agent round,told him i had split from my wife and if he could supply me with a written price for the house and my wife agreed with the price i wld put it on with them
hehe
once i had the price on paper i sent it to the O/R |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 18 May 2009 : 14:56:53
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quote:
Originally posted by slippery
also i got a estate agent round,told him i had split from my wife and if he could supply me with a written price for the house and my wife agreed with the price i wld put it on with them
hehe
once i had the price on paper i sent it to the O/R
Very sneaky but a good idea  |
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hi everyone, my partner and i both went bankrupt
