Paying House Mortgage - No Keys - Nama

Alzone

Hi all,

Just looking for a bit of advice here. We purchased an house from Nama in November (contract signed by us and vendors). Our solicitor drawn the mortgage from our bank to his account mid-November as he was told he will get the keys and the closing documents for us in the next couple of days. However there was no sign of it and we started to pay the mortgage mid-December (on top of the rent we are currently paying). We keep contacting him and the real estate agent but we heard different stories (the receiver didn’t get the right documents from the builder OR one document was not signed,….) As the next mortgage payment is going to happen very soon and it seems that we won’t get the keys anytime soon we don’t know what to do….

I have contacted a free legal advice service and they said that we could fill up a complaint against our solicitor but I don’t really want to go that road as from what I read purchasing from Nama can be an administrative nightmare. However our situation started to become really really annoying.

Any thoughts or advices are welcome.

Thanks for reading!

ABajaninCork

You should file a complaint against your solicitor! Knowing the administrative mess buying from NAMA can be, why the hell did they allow you to draw down the mortgage?

Light a fire under your solicitor. Tell them to get their finger out, get on to NAMA and find out when exactly you're going to get the keys. Get a Notice of Completion issued. The EA probably knows no more than you at this stage, so I'd leave them out of it. Start making your solicitor miserable, and keep hassling them to get your keys!!

sunshine and showers

To be honest, I'd be threatening my solicitor with the notion of a letter from another solicitor and the Law Society. I'd be making a call to the Law Society about complaining too. You definitely need to light a fire under them as the above poster said!

Two mortgage payments for a house you don't even have the keys to is bloody ridiculous - administrative nightmare or not! Sounds like the solicitor and the EA are faffing about while your money is being wasted!

Mr. Incognito

It sounds like this has not closed and contracts only have been signed.

You could be waiting months for the matter to close and get possession.

I would inform your solicitor if you drew down on his advice that you will be suing him for any rental income you are incurring from that date to possession.

MarkAnthony

You have a solicitor, you've been given advice by another solicitor/barrister and you're here taking advice from randomers.

I'd kick in the door and move in* - frankly about as sensible a course of action as what you're at here.

*Please don't do this I'm illustrating a point.

Little CuChulainn

I'd be demanding to know the location of the money too. If the solicitor has had a few hundred grand in his account for the last two months there'd be a bit of interest accruing too.