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1234eddie

What is a mortgage contract - what docs constitute a legal mortgage

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Hello,

 

need in help in understanding what a mortgage contract is.

 

When I applied for a mortgage.

 

1. I signed the mortgage application form

 

2. I signed a mortgage deed

 

3. I signed the mortgage offer acceptance ( there was also a printed signature of someone from the lender)

 

4. My solicitor signed the title deed ( not sure what a title deed is and why the solicitor would sign this and not me)

 

Are all these documents a mortgage contract.

 

In a contract law I remember from school

there has to be an offer,

acceptance and consideration

- is this the same for a mortgage?

 

Bit confused as to what is the mortgage contract is,

is it all the above ?

 

Why did the solicitor signed the Title Deed.

 

Should I have signed the title deed.

 

There is nothing on any of these to say this is the mortgage contract.

 

I have also read that 8 out of 10 mortgages are securitised,

bundled and then sold on,

 

how can that be without my consent?

 

and if so surely the lender would tell you this and notify of this when they did this ?

 

or is this the norm?

 

any help in answering the above greatly appreciated.

 

Kind regards

Edited by 1234eddie

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is there a point to asking this?

why solicitor sign title deed?

 

in short because you werent the owner, the mortgage co was and you employed solicitor to act on your behalf in a professional capacity.

 

If you hadnt employed one then you would have to do all paperwork yourself and probably not get mortgage.

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