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Seller wants access to deposit before completion
Cheshirecat88
Posts: 7 Forumite
Thanks all. Everything has been resolved and we are proceeding with the sale as normal.
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Comments
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Not a chance.0
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Are they self DIY conveyancing?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Tell them to FRO."Real knowledge is to know the extent of one's ignorance" - Confucius0
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No chance.0
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Did they say what they want it for? (Deposit for a rental property?, pay off gambling debts?)
The fact that they can't raise £6k without borrowing it from you suggests that they are 'financially stressed' - so it may not be a good idea.0 -
Tell them there was a contest between two chances, Fat and Slim. And Fat won.0
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Not DIY conveyancing the request came from their solicitors. They say it is so one of the sellers can use the money as a deposit on rental property. If we don't agree they say the will take the house off the market0
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Suggest that they rent somewhere less opulent, a deposit of £6000 would suggest a monthly rent of £4000, there are a vast number of properties available for less than a quarter of that amount.0
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Not DIY conveyancing the request came from their solicitors. They say it is so one of the sellers can use the money as a deposit on rental property. If we don't agree they say the will take the house off the market
Tell them to go ahead, but don't agree to their request. I would be inclined to walk, if not run away from this house as they sound like trouble. Unless it is your ideal house, but still say no.0
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