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Buying house question.
Comments
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he handed the deposit to the estate agent?
Has he got a solicitor? Is it them who have the deposit? He needs to speak to someone who is legally qualified.0 -
Agents dont take deposits. Only on exchange of contracts does any money change hands and thats with the solicitor.0
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They must have seen him comingIt's not easy having a good time. Even smiling makes my face ache.0
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No doubt OP's friend has now realised it is a good idea to take advice from a solicitor before paying over sums like £20K!RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
NewbieMoneySaver** wrote: »No he lives in Portsmouth
My understanding is solicitors have to pay interest on money they hold in client accounts. And I assume it wasn't the estate agent that held it(estate agents don't hold deposits). But it is likely to only be £10 or so!0 -
Thanks for the answers. Yes as you say, The solicitors must have the deposit but I didn't know that as I have never purchased a house.:oCurrent Debt £38,000:o
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he would definitely have paid the money to the solicitors and as such his complaint should be against them, sometimes things get noticed late and its no ones fault, for the sum of money due in interest id say whats the point in even complaining?0
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NewbieMoneySaver** wrote: »Basically because the house was empty and he was told that the deal would be completed quickly.
Tell your mate that I can make his willy longer if he gives me £20k.
kthnxbai[FONT=Arial, Helvetica, sans-serif]Rise like Lions after slumber
In unvanquishable number -
Shake your chains to earth like dew
Which in sleep had fallen on you -
Ye are many - they are few.[/FONT]0 -
Great. cheers for the input:oCurrent Debt £38,000:o
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