Money found in the loft

natman

Ummm, Intresting.
I would put the money into the house - i,e pay whatever you have found off the mortgage if you can, that way the money stays in the house!!!

Simples!!!

Alias_Omega

A good topic for the MSE weekly email.

1984ReturnsForReal_2

Its not his money, it wasnt included in the house sale & as he is fully aware of the circumstances he cant keep it.

Anyways, I thought old notes went to the Bank of England not your local Barclays.

ciano125

I'm pretty sure it's only amounts over £10,000 in cash that are subject to MLR. But that's by the by, I am no expert on such situations, but I would have thought that legally the money belongs to you seeing as it was in your house, but morally, maybe another matter. How would you feel if you sold your mothers house and then found out after that she'd stashed thousands of pounds in it. In fact, what would your mother tell you do in this instance?

zet_2

guy0wen wrote: »

He said there is at least £8,000 if not a bit more.

Lucky him!

guy0wen wrote: »

he is going to take the money to the bank and pay it in, as you can still pay in old style bank notes as far as I am aware.

Your bank will probably take it, but if not the Bank of England will accept its notes forever. If they are really old style, then they may be worth more to collectors than their nominal value.

guy0wen wrote: »

The only issue is what are the bank going to say when he turns up with so much old style cash?

I expect nothing. He can always pay it in small amounts.

Whatever the long term/conscious issues, I would say for security and fire safety reasons he should certainly pay it ASAP in rather than leaving 8000 in cash in the house.

ali-t

I would consult with the solicitor I used to buy the house and get their view as this must be something they regularly deal with. Such is life, that if you buy a house that is left full of crap you have to remove it at your expense but if you a buy a house with nice things in it you have to give them back.

ChrisCobra

It clearly belongs to the troll race.

theartfullodger

Guyowen --- which part of Essex are they in??

NEH

Regardless of the legal implications I think you have to remember that it could be a simple case of an old lady having dementia or the like, it is feasible she could have got someone else to hide the money....

I would ask neighbours about the lady, maybe try and suss out whether she had demntia or not. Neighbours are usually well able to tell you about the relatives and who they might be....

It wouldn't be money I would keep personally...

Old_Git

if it was me I would keep it .The estate got a lot off money from the sale of the house .