Hi folks-
I have closed both the sale of my house and purchase of a new one.My solr. says that I dont get the profit from the proceeds of the sale at any stage, rather the closing balance is put straight away towards the purchase-I should also say that the proceeds cheque was received by the solr over a week ago and is presumably earning him interest, while the cheque for the mortgage on the new house has not as yet been issued. He has told me that I wont get any sale proceeds until 5-6 days after the purchase of the new house has been completely finalised,and that this wont happen for at least another 2 weeks. Now, by my reckoning,the net profit on the sale would earn me between 100 and 200 euro if it was in my account, rather than the solr's a/c over the 3 week period, can I claim any interest accrued on that sum? sorry for the long winded question, any info would be appreciated
daithi
I have closed both the sale of my house and purchase of a new one.My solr. says that I dont get the profit from the proceeds of the sale at any stage, rather the closing balance is put straight away towards the purchase-I should also say that the proceeds cheque was received by the solr over a week ago and is presumably earning him interest, while the cheque for the mortgage on the new house has not as yet been issued. He has told me that I wont get any sale proceeds until 5-6 days after the purchase of the new house has been completely finalised,and that this wont happen for at least another 2 weeks. Now, by my reckoning,the net profit on the sale would earn me between 100 and 200 euro if it was in my account, rather than the solr's a/c over the 3 week period, can I claim any interest accrued on that sum? sorry for the long winded question, any info would be appreciated
daithi