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House sale

1 reply

Nomoneyohno · 11/01/2021 19:42

Hi, I’m hoping someone can give me some advice. My solicitors sent me the initial pack of paperwork and in this it said if it’s a joint mortgage but we want it to go to a single bank account then both parties need to sign a form which we did. The house has been sold and completed and then after completion my solicitors have decided there’s an issue with transferring the equity to a single bank account. Does anyone know if this is just them being difficult or if there’s an actual law about this? But then why would there be a form in their pack with this exact scenario which we both signed? Right now we have no house and no money either. Thanks in advance

OP posts:
PomPomSugar · 11/01/2021 21:27

So this is for a sale? The sale proceeds? It would need to go to a joint account OR split between you with a letter of instruction from both of you OR to one of you with a letter of instruction from both of you. Taken on a case by case basis, if they suspect you of fraud they will want to transfer to a joint account.

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