Ask a Law Question, Get an Answer ASAP!
Hello and thanks for using Just Answer.
My name is ***** ***** am happy to assist you with your enquiry.
Will you be acting for her in a Sale or Purchase or both and are there any Mortgages to redeem?
Hi Al. Subject to it being legal I intend to act in both a sale and a purchase. The purchase is not mortgage dependent and the sale will involve the redemption of my cousins mortgage. I am aware the buyers solicitor will expect an undertaking to redeem that coming from me will not suffice [as a non regulated person] and I will provide in the contract [if acting] for them to be entitled to effect a split completion payment of redemption monies to lender and completion balance to the sellers solicitor.
Thanks for your reply.
It appears you have already done all of your homework- as long as you are charging a fee to your cousin (and you confirm this to the other sides Solicitor), you are free to act for your cousin, subject to the redemption of the Mortgage issue/Undertaking, which you are aware of.
As regards ***** ***** client's title at the Land Registry, under Land Registry protocol, she will need to get her id verified by a practising Solicitor, who will need to complete Form ID1 for her.
I hope this puts your mind at rest.
I think you mean in your reply "so long as you are NOT charging a fee.
May I treat your reply as amended to "so long as you are not charging a fee" ?
Apologies- I did mean "so long as you are not making a charge".