Hello All, I am not sure this is the place to ask. Please say if you would like me to remove this.
I currently bank with a legacy whilst using Monzo for my day to day spending.
My father had his mortgage with the same bank. Sadly he passed away earlier this year after a short illness.
So now we have a small holding with a large mortgage & my mother cannot afford to pay the mortgage. So we have found a suitable buyer & the solicitor required me to go on the land registry due to my parents (my mum is actually my step mother) as they were tenants in common.
All good so far & was hoping to have the farm sold & to start sorting my mother out with a new place with the equity.
However now the legacy bank is being awkward, after initially saying that they would allow me to go on the registry however now we have actually come to do it they have blocked it saying that we require myself & my mum to get a mortgage together before they allow me to go on the registry so that we can sell the house.
I won’t go into details however I have my own mortgage, my mother doesn’t work due to ill health & almost being retirement age plus the value of the mortgage we can’t remortgage the house with myself.
Bare in mind the details are coming to me second hand from the solicitor via my mum but are the bank able to do this as it could result my mum being made bankrupt & losing her home for the last 18 years with no where to move on to. It is the last thing I want to see & I know my dad would turn in his grave knowing this was happening.
Is there anything I can do or are the bank within their rights.
Sorry for my first main post being a bit serious & if this isn’t the place please remove it.