Strange house selling situation

[MMN]

Hello all,

We are in the process of selling a relatives house who passed away last year. We agreed a price with the buyer of 350k, but the house was unfortunately only valued at 340k. The lender will only accept this as a purchase price which has made it a little complicated. The buyer therefore said they would give us an extra 10k as "additional consideration" but without specifiying what this would be for. Could this be for our solicitors legal fees, house clearance - any other suggestions? We are struggling to understand what this could represent and how to include this in the contract. Any help much appreciated.

Not sure why you are remotely concerned?!

Your solicitor will deal with this and it doesn’t matter that they are paying 10k from their own pocket

YOU don’t make a contract at all? You just accept the offer and that is it

Thanks - it's because the "additional consideration" has to represent something in particular, and we need to let the solicitor know.

Anyone had any experience of this and examples of what was used as additional consideration?

Something not fixed inside the property eg white goods, plants in garden something along those lines usually covers it. One of my relatives was once paid £6k for white goods

Light fittings, curtain rails, blinds, furniture, white goods can all come under additional consideration.

Add to that list the garden shed, patio set, any furniture in the house you don't want, and it should look reasonable. Talk to your solicitor and ask their advice.

Thanks all - that's very useful :)

I did this years ago to make price under stamp duty threshold
paid £4,500 for carpets and curtains