ChatterBank3 mins ago
Selling A House Money
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When you sell a house does the money usually go to a solicitor first then you?
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For more on marking an answer as the "Best Answer", please visit our FAQ.***Yes, they take any fees associated with the sale and then transfer the balance to you. From what I remember they don't hold it for long.***
Just long enough to have it in the company overnight accounts for a night or two and get interest...not just your money, but everyone else's property money.
Used to be a recognised way of making a few bob
Just long enough to have it in the company overnight accounts for a night or two and get interest...not just your money, but everyone else's property money.
Used to be a recognised way of making a few bob
ubasses, the solicitor does NOT have to "open a clients account re your name" whatever that is intended to mean. Whilst all solicitors operate a general office account, they have a "Client Account" in which they deposit all monies due to their clients. Money due to all clients are paid from this account.
A solicitor most certainly does not have to open an account in the client's name. Banking practice and the Law Society forbids such behaviour.
A solicitor most certainly does not have to open an account in the client's name. Banking practice and the Law Society forbids such behaviour.