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Aston Lawyer
Aston Lawyer, Solicitor
Category: Law
Satisfied Customers: 10585
Experience:  Solicitor LLB (Hons) 23 years of experience in Conveyancing and Property Law
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Can a seller's solicitor accept funds directly from a buyer

Resolved Question:

Can a seller's solicitor accept funds directly from a buyer without supplying the funds through the buyer's solicitor?
Submitted: 2 years ago.
Category: Law
Expert:  Aston Lawyer replied 2 years ago.

Hello and thanks for using Just Answer.

My name is ***** ***** am happy to assist you with your enquiry.

Due to Money Laundering Regulations, the Seller's Solicitor should certainly refuse to accept any payments directly from the Buyer, and should insist that all payments are made from the Buyer's Solicitor to the Seller's Solicitor's client account, full stop!

I hope this assists you and answers your question.

Kind Regards

AL

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