Money found in the loft

jenny74

Lucky friend! Personally, i would hand it in to the local Police as lost property. After 3 months, it legally becomes the finders- if it has not been claimed. And the Police will check the facts if someone tries to claim it. Good luck to your friend.
Advise him to hand over the money to the Police in an interview room with 2 officers and his own witness present.

themanbearpig

Pay it into the bank in small amounts per month, to avoid drawing attention.

Don't hand it in the police...lol
Consider yourself lucky!

iltisman

His first mistake was telling you about the cash,it is all over the internet now.

If in doubt say nowt.

G_M

44 posts. 44 opinions.

is he legaly entitled to keep the money as it was left in the house.

Not one definitive answer to the OP's question!

Any lawyers out there??

chiefgoobster

Is it the amount of money that poses the problem ? If it were say , £20 , £100 or £500 would people still hand the money back or opt to keep it ?
Maybe because it's £8000 it becomes an issue.Peoples conscience/morals plays a big part.

It's like if you found a large bag of cash lying by the road.I was once ' advised ' by someone in the know to drive miles and miles away to a Police Station, hand it in saying you found it locally then claim it at a later date.

Going back to the OP's question - I thought it was that you bought the house, warts 'n' all.There's a word that solicitors use (can't remember at 0411am !) for junk etc that's left in and around a house and that the purchaser is responsible for disposing of. Would this cover money ?

Like G_M says, we need an insomniac lawyer to jump on this post now !!

ben500

The money would be deemed treasure trove and should be regarded and treated accordingly, as such it becomes property of the crown with strict penalties in cases of disregard, it is governed by the treasure act 1996.

[Deleted User]

NEH wrote: »

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...

Nor me. There is a moral issue here. It will come back to haunt you if you keep it

Swipe

It would have been hoarded outside of a bank so it didn't affect the old person's state pension. I know this as both my great aunt and grandmother did exactly the same and died leaving thousands under floorboards.

knithryn

Find out the legal situation.
If it all belongs to you then perhaps give a sum to a hospital/charity associated with the lady who used to live there.
I'm intrigued to know what happens.....

casper_g

ben500 wrote: »

The money would be deemed treasure trove and should be regarded and treated accordingly, as such it becomes property of the crown with strict penalties in cases of disregard, it is governed by the treasure act 1996.

Banknotes which are (presumably) of 20th century origin don't seem to be covered by the Treasure Act 1996.