In 2006 my husband and I started a new business at that time I had a flat which I wanted to sell, made the arrangements etc. and because of the distance I left it in the hands of the lawyer at that time. The sale went through and I received a cheque ... However several months later we had sherriff officers turn up at our business saying that we still owed £16000 to Northern rock. I went to another lawyer and the long and short of it was we agreeded to pay back £300 a month however Northern Rock wanted us to pay it back over 25 years so as you could imagine we said get lost in a round about way .... time moving on we had since moved from that address although we still tried to keep in touch with Northern Rock although to no avail with all their difficulties. Recently we have managed to sort something and we've agreeded to pay the sum back and the loan has been discounted by 40% charges, and interest frozen so all good in that part.
However since then my husband and I have gone through to buy a house (we've been living in rented accom) mortgage has been approved and we're due to move in next wednesday (1st july) my solicitor has sent me through a letter this morning saying that they have done a search and it shows inhibitions against me on Jan 2008. I had no idea!! I've never received any documentation or phone call in relation to this .... I'm now panicking like hell!!
So firstly how can an inhibtion be served on a person to not sell, if they don't own a house at that time?
What effect does this have on concluding with our new home?
The inhibition is only in my name and not my husbands ...
I should also say that the phurchase of this house is on a shared scheme with the builder, we pay 75% they pay 25% so this is important to the builder as they want the money back after 10 years or when we sell, so will they refuse to sell to us?
I am going mad, I'll have no home in 4 days if the sale dosn't go through I've got a 2 year old son and a house thats packed what on earth is going to happen ...
So sorry its so long winded but I'm desperate for advice as with it being Saturday citizen advice shut (because people only need advice monday to Friday between the hours of 0930 an 4!)