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Solicitors and sellers funds

johnnw_2
johnnw_2 Posts: 6 Forumite
in House buying, renting & selling
I have been fortunate enough to sell my house this week and it's a big relief. I was wondering how long it generally takes for solicitors to release funds to the seller?. There is a mortgage to redeem but my solicitors already sent me a redemption statement that was just dependent on the completion date. Any advice on when I should be expecting to see the funds (minus solicitors fees of course???)

Thanks in advance

:)

Comments

  • Bossyboots
    Bossyboots Posts: 6,759 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The same day as completion. Ask them to pay them straight to your bank account on receipt from the buyer.
  • johnnw_2
    johnnw_2 Posts: 6 Forumite
    Thanks ... will do :)
  • Bossyboots
    Bossyboots Posts: 6,759 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    What I should have added of course is that if you were in a chain, you would need those funds immediately. The fact that you are at the end of the chain does not mean there should be any delay in releasing funds to you.
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