Mortgage Waiver
Posted: 15 Mar 2009 15:39
Hello Nigel
A friend of ours in buying an apartment in Paphos. He is coming out in 2 weeks to make final payment and take over property. We have been answering some of his concerns and previously advised him to make sure there was no mortgage on the property. He now says his solicitor (who is independent) has advised him that there is a bank waiver on the mortgage. He is happy with this as his solicitor advised him all was OK to proceed. I have never heard of this before and am curious?
Any light you can shed on this would be appreciated.
A friend of ours in buying an apartment in Paphos. He is coming out in 2 weeks to make final payment and take over property. We have been answering some of his concerns and previously advised him to make sure there was no mortgage on the property. He now says his solicitor (who is independent) has advised him that there is a bank waiver on the mortgage. He is happy with this as his solicitor advised him all was OK to proceed. I have never heard of this before and am curious?
Any light you can shed on this would be appreciated.