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Deposit in chain
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wait sorry just confused about one point. you say that will leave me £36.6k before fees etc, does the 19k my buyer has paid not also get taken off that?
Ermm... I don't think so.
I said at the start that you're paying £22.6k now. You're only handing over £3.6k though. Your buyer's £19k is included in that £22.6k which is being handed over to your seller.
I think - I'm confusing myself now!0 -
ha, yeah so after completion I should get roughly 14k plus the extra £3600 i'll be putting in for the deposit...I think so anyway..
otherwise 36.6k before fees would leave me something like 31k after everything has been paid!0 -
Ask your solicitor when they'll be doing your Completion Statement - that will tell you the exact figure.
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