Problems with redemption statements
In this Conveyancing Matters chat, Stu and Lorraine talk about an important issue that has vexed conveyancers for years – redemption statements from mortgage lenders They talk about early redemption penalties and the problems of the lenders expecting the penalties to be paid when an undertaking has been given to pay a lower figure Should conveyancers obtain the penalty figure from their clients? Once again, this leaves the conveyancer in a difficult position They discuss the joint Law Soc...