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ukfamilysolicitor, Solicitor
Category: Law
Satisfied Customers: 1382
Experience:  Qualified Solicitor Currently specialising in Family. Also experienced in Corporate, Employment, Civil Litigation, Debt Recovery
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In a property sale in london what is the normal period of time

Customer Question

in a property sale in london what is the normal period of time between the date of closing of sale to when the vendor receives the proceeds
Submitted: 2 years ago.
Category: Law
Expert:  ukfamilysolicitor replied 2 years ago.
Welcome to Just Answer
I am a Solicitor and will try and assist you.
Please may I ask - do you have solicitors / conveyancers dealing with the sale for you?
Kind Regards
Customer: replied 2 years ago.
yes Caroline I do have. THANK YOU FRANK
Expert:  ukfamilysolicitor replied 2 years ago.
Hello Frank
Thank you for confirming that for me.
You should be able to receive the monies by bank transfer on sale day.
The Solicitor will deduct any monies to pay off any outstanding mortgage, estate agent fees/auction fees, the solicitors fees and then send the rest to you.
If you provide your bank details - they can normally send the monies by faster payment - which means you should receive the monies in your bank account the same day.
Kind Regards
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