Released Mortgage Funds??

[Bridget76]

Can anyone help me!? i have recently bought my first property. I have been awaiting to recieve the remainding amount from my Mortgage once the total sale cost was taken, leaving me an amount of �6,000 to pay off an excisting loan and hence then being able to afford my newly inheriated monthly Mortgage! BUT i have had a nightmare with my solicitor who will not send me a final bill and seems to of taken her costs from my released Mortgage money from the bank.... Is this allowed?? I presumed i should be sent the remainder by Cheque and then a final bill to pay the solicitors fee.Can anyone help please.Letter after letter i have had no reply from her.Many thanks.

[Loosehead]

It's standard practice for them to do a full account of everything including their fees and send you the change or demand more (before completeion if more is needed) depending on the situation. Especially in House buy/sell situations. If someone owed you say �500 and you had �6000 of theirs would you send them the �6000 and and rely on their honesty to pay the �500? No thought not, neither will a solicitor.

[scrotum]

the housing market IS going down and you WILL lose all your money. Sell it now or loos thousands!

[fredpuli47]

If you continue to get no answer , telephone the Law Society in Chancery Lane, London. This is the governing body of solicitors. Tell them that you are a lay person who may have a complaint about a solicitor and ask them to connect you to someone to give advice about proper professional practice. They will refer you to the relevant department, which, I think, is out in the countryside somewhere now.

A solicitor is not allowed to sit on funds, nor to fail to give a proper account of such transactions as this.This one may be breaking professional rules but, in any case, a call from the Law Society will most certainly ginger them up !