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First-time buyer - part cash purchase

clogs2 · 2012-07-26 16:07:38

hi need advice...what are the legalities with part mortgage/part cash sale? i know im being vague but new to this. where is the record of cash sale when buying house?

26-07-2012 4:07pm

#1

clogs2

Registered Users, Registered Users 2 Posts: 25 ✭

Join Date: November 2008

Posts: 18

hi
need advice...what are the legalities with part mortgage/part cash sale?
i know im being vague but new to this.
where is the record of cash sale when buying house?

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Comments

#2 26-07-2012 4:14pm

shopaholic01

Closed Accounts Posts: 4,916 ✭✭✭

Join Date: February 2012

Posts: 4862

A solicitor will be required for conveyancing - the mortgage company will forward the payment to the solicitor, not you and likewise, you will forward the cash payment to the solicitor. You won't deal directly with the vendor, the solicitor will then forward all payments to them. He/she will also register the mortgage, request the land folio( think thats the correct term) etc and register same with the mortgage company. Shop around as their fees vary.

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