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Sareteegee
Posts: 27 Forumite
Hi All,
We are near to completion and are wondering if one can pay remaining solicitor fees with their help to buy isa bonus? Could I request them to just take the money when the bonus comes in or would they expect it from money we already have?
Thanks in advance
We are near to completion and are wondering if one can pay remaining solicitor fees with their help to buy isa bonus? Could I request them to just take the money when the bonus comes in or would they expect it from money we already have?
Thanks in advance
0
Comments
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When I purchased a house a few years back, the solicitor required all balances due, prior to completion (I.e. including their fees)0
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You'd better pay up everything before completion. The solicitor is also working for the lender. They might be obliged to the the lender about your debt to them."Real knowledge is to know the extent of one's ignorance" - Confucius0
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Sareteegee wrote: »Hi All,
We are near to completion and are wondering if one can pay remaining solicitor fees with their help to buy isa bonus? Could I request them to just take the money when the bonus comes in or would they expect it from money we already have?
Thanks in advance
You can't use the bonus to pay your solicitor fees, moving costs etc. The bonus money will all be going to the vendor, so you need to give your solictor enough cash from your own pocket to pay their fees and expenses before completion happens.0 -
My solicitor included the HTB ISA in my completion statement meaning I ended up paying them less than I thought I would. A good solicitor will manipulate the money so it can be used for fees.0
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Solicitors will typically prepare a statement taking account of all the money coming in and out, and just ask you for the net balance required - easier for them than having to pay money back to you afterwards.0
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bowlhead99 wrote: »You can't use the bonus to pay your solicitor fees, moving costs etc.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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