Alex Watts : my name is ***** ***** I will help you with this.
Alex Watts : please let me know why you won't let the solicitor hold the funds?
What is to stop the estate getting a solicitor to hold the funds and then at the last minute (after I have signed the charge release paper) telling the solicitor that they have changed their minds and asking return of their funds. I am presuming that until the money is in my bank account and whoever holds it, it legally still belongs to the estate and they can withdraw it. That is what I am worried will happen
Alex Watts : Get the solicitor to give an undertsking, this is legally binding.
Alex Watts : If their solciitor gives your solicitor an undertaking then it's enforceable.
Alex Watts : Therefore if you do this and they agree, your money is secure.
Alex Watts : I would recommend that you do this.
Alex Watts : Get your solicitor to secure an undertaking from their solicitor.
Alex Watts : It can't be changed.
Alex Watts : Can I clarify anything about this today please?
Thank you very much
I was just concerned that my money would not be one hundred per cent safe, and that they might have found some legal loophole and could withdraw funds at the last moment
Alex Watts : No, sadly. I hope this helps you.
Alex Watts : If I have answered the question can I ask you to rate my answer before you go today, the button should be at the bottom of the screen
Alex Watts : If you need more help please click reply