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Paying house deposit to solicitor - will they check source of funds at time of paying

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  • jlaw4
    jlaw4 Posts: 122 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    newbieFTB wrote: »
    I won't get the government 25% bonus as although I'm a FTB the house I'm buying is more than 250k. The interest rate is 3.5% though so I'd rather keep using that account to get the decent rate.

    Just so you are aware you are breaking the terms of the account once the purchase goes through as the bank should send you a reminder of the terms during the year... im not sure what happens if its found out that you've kept it open for interest purposes but i had a document sent out twice last year reminding me of the terms of the account... just something to consider
  • newbieFTB
    newbieFTB Posts: 120 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    jlaw4 wrote: »
    Just so you are aware you are breaking the terms of the account once the purchase goes through as the bank should send you a reminder of the terms during the year... im not sure what happens if its found out that you've kept it open for interest purposes but i had a document sent out twice last year reminding me of the terms of the account... just something to consider

    Thanks jlaw4, that didn't occur to me - I'd best hunt out the T&C's!
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