We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Using a solicitor to sell and buy
katylu88
Posts: 12 Forumite
Hi,
I inherited half of a house, my mum got the other half and it is going on the market this week. We will be using a solicitor in the local area to complete the sale, there is no mortgage on the property. I am looking to buy and I have had an offer accepted on a property. I have never bought a house before and have been asked by the EA to instruct a solicitor. Should I use the same one that is doing the sale of the house?
I inherited half of a house, my mum got the other half and it is going on the market this week. We will be using a solicitor in the local area to complete the sale, there is no mortgage on the property. I am looking to buy and I have had an offer accepted on a property. I have never bought a house before and have been asked by the EA to instruct a solicitor. Should I use the same one that is doing the sale of the house?
0
Comments
-
Are you relying on the money from the sale, for your purchase or is it independent (ie no lower chain for your purchase).0
-
It would be a bit odd not to, unless there was a particular reason for using different ones.0
-
Yes, the money from the sale will be funding around 60% of my deposit for the house I want to purchase.0
-
But, I wont be using all of the money from the sale for the deposit, I wish to keep some.0
-
It's usual to use the same solicitor for both sale and purchase. Any reason that you don't want to?0
-
No, no particular reason. I guess it isn't a straight forward situation that's all. I am only using some of the money from the sale for my deposit, so will she transfer me what I dont want to use, and then keep the rest ready for the purchase? Sorry, I just have no idea about these things!0
-
It's perfectly straight forward and happens all the time.0
-
So will she keep what I intend to use as a deposit and transfer me the rest?0
-
So I have the same solicitor for both sale and purchase.
The sale equity is more then my deposit. So my solicitor will keep my deposit, keep his fees and send me whatever is left over.
Don't complicate it with two different solicitors.0 -
No, no particular reason. I guess it isn't a straight forward situation that's all. I am only using some of the money from the sale for my deposit, so will she transfer me what I dont want to use, and then keep the rest ready for the purchase? Sorry, I just have no idea about these things!
Just explain your requirements concerning the disbursement of your share of the proceeds to the solicitor.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards