Withholding sale funds after house purchase

[DonnaD]

When my late MIL's house was sold her solicitor held onto some of the money for awhile before finalising her estate. The purchaser's solicitor certainly didn't. I can't see what business of their's it would be if any debts did turn up. As already mentioned, anything secured on the house will have shown on the title search and would probably be for more than £750 anyway.

[vhm672]

Definitely should not be a just in case of debts. The only time this should happen is if there is a crystallised payment which relates to the period before completion but the sum cannot be fully quantified at the time of sale. The obvious example is service charge on a leasehold property.

[duchy]

Originally Posted by Princess Alison

Could the information here be relevant?

inbrief/property-l...y-transaction/

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Yes it could indeed ! Thank you and everyone else very much .

[Cj25]

This happened when we sold mum's flat and the money was returned to her after a period of time

[duchy]

Originally Posted by Princess Alison

I agree - I'd go back and ask what the issue is

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Husband got the solicitor’s assistant , sounds like she didn’t explain it well. He has stopped moaning about it now but wants to know why she didn’t explain it like I did He now still thinks I know “everything” lol

[Princess Alison]

Originally Posted by duchy

Husband got the solicitor’s assistant , sounds like she didn’t explain it well. He has stopped moaning about it now but wants to know why she didn’t explain it like I did He now still thinks I know “everything” lol

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I think you should sit back and take the credit for knowing it all 😁

[123]

I'd tell the purchasers to go whistle.

They aren't going to pull out over 750, they'd lose far more than that in reinstated stamp duty and house price inflation.

Stand strong and tell them to do one...