Buyer seeking independent financial advice - solicitor error?

Thrugelmir

NessB said:

user1977 said:

Opposing parties using the same firm is a recipe for disaster, one way or another.

I wonder if what's happened is one of the possible scenarios ie the solicitors realise at an awkward stage in proceedings that they actually have a conflict of interest preventing them from continuing to act for both sides, and have had to send one (or more) clients elsewhere. 

Thank you, yes this is what I was thinking too. Strange though as they were originally asking to complete at the end of January, but we couldn't agree due to the new build at the top having delays. 

Perhaps because that date was missed they wish to stall for time to fit their own agenda. What you've been told is simply a smoke screen. 

NessB

Turns out the deposit is being investigated. Anyone know how long this tends to take? 

user1977

NessB said:

Turns out the deposit is being investigated. Anyone know how long this tends to take? 

"investigated" by whom and for what? 

Thrugelmir

NessB said:

Turns out the deposit is being investigated. Anyone know how long this tends to take? 

How long is a piece of string? There's no one size fits all answer. 

NessB

user1977 said:

NessB said:

Turns out the deposit is being investigated. Anyone know how long this tends to take? 

"investigated" by whom and for what? 

"My understanding from PB is that the bottom of the chain have a large gifted deposit which is coming from a business account, so they are currently investigating the source of funds, with no confirmation on how long this is likely to take."

Sorry, hopefully this clarifies! It's been 2 days so far. 

user1977

NessB said:

user1977 said:

NessB said:

Turns out the deposit is being investigated. Anyone know how long this tends to take? 

"investigated" by whom and for what? 

"My understanding from PB is that the bottom of the chain have a large gifted deposit which is coming from a business account, so they are currently investigating the source of funds, with no confirmation on how long this is likely to take."

Sorry, hopefully this clarifies! It's been 2 days so far. 

It takes however long it takes. We don't know what evidence they've asked for or whether that evidence is readily available (or will be satisfactory). Anything between hours, weeks or never.