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Quick Question Selling and buying house when i receive funds back to me?
ddonq1412
Posts: 119 Forumite
My house moves were completed on 5/10. I sold my house for 96k had mortgage for 35k to pay off. Bought a new house for 133k and used 40k of my sale proceeds to new house. Im currently owed about 16k and wondering when should I get that back? I would have thought it would be bank transferred to me by now surely.
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Comments
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I'm planning on doing similar thing (so keeping some of the sale equity) and my solicitors said would be around 3 days when I queried.
Definitely chase up!0 -
Are you American, do you mean you completed on 10th May or 5th October? If 5th October then yes you should definitely have had it back by now. Even from the 10th May you should have had it by now. Have you asked your solicitor?0
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"5/10" meaning 10 May (i.e. "10/5"), I hope, not 5 October?!ddonq1412 said:My house moves were completed on 5/10. I sold my house for 96k had mortgage for 35k to pay off. Bought a new house for 133k and used 40k of my sale proceeds to new house. Im currently owed about 16k and wondering when should I get that back? I would have thought it would be bank transferred to me by now surely.
Yes, you ought to have received the funds by now. Haven't you contacted your solicitors? What had you been told about the transfer of funds to you?0 -
sorry work for US company all dates are wrote month first for me. 10th of may not sure why there is a hold up but its strange to hold up for 10 days. Off to call solictor again. on friday morning they were waiting on book keeper to look up the figure for payment owed but got no communication back.0
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