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RJM Law
RJM Law, Lawyer
Category: Scots Law
Satisfied Customers: 4055
Experience:  LL.B (Hons)
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I want to give my house seller £100,000 as a downpayment or

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I want to give my house seller £100,000 as a downpayment or loan for the house a month prior to completion. can I use a promissory note as a legal document?
JA: Where are you? It matters because laws vary by location.
Customer: I'm in Glasgow, the seller is in Lewis, Western Isles.
JA: What steps have you taken so far?
Customer: Merely enquiring.
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: The seller and his wife are personal friends

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Thank you, ***** ***** do this by way of an agreement or contract.  That is not an issue, however you will need to speak with your conveyance to ensure the way you go about things fully complies with the money laundering regulations otherwise you will have issues.  You must be able to provide a full source of funds to both solicitors otherwise if you cannot show where the money trail has came from it will not comply.  It should be possible but you will want to speak with the conveyance to ensure that you can comply with the MLR in full.  

I shall provide you with a helpful link that will assist you in finding a solicitor/representative near your local area. This will provide you with someone nearby your area who can assist you if required.

I hope this information proved helpful. You will find a local solicitor who deals with these matters on the law society webpage which is as follows;

https://solicitors.lawsociety.org.uk/ (England)

https://www.lawscot.org.uk/find-a-solicitor/ (Scotland)

https://www.lawsociety.ie/Find-a-Solicitor/Solicitor-Firm-Search/ (Ireland)

https://www.lawsoc-ni.org/solicitors (N. Ireland)

Hopefully, I have answered your query in a way that is simple and easy to understand. If anything remains unclear, I will be more than happy to clarify it for you. In the meantime, thank you once again for using our services.

Should you require any further assistance on this matter, please do not hesitate to post a further questions for additional assistance.

Kindest Regards.

RJM Law and 2 other Scots Law Specialists are ready to help you