Hi, would be grateful for opinions, especially from anyone involved in conveyancing.
Am in process of selling a house in negative equity and while I have enough cash to pay off the balance outstanding on the mortgage after the sale, I'm a bit reluctant about how this is done from a legal point of view. Will I have to lodge the balance with my solicitor? Given all the dodgy dealings with client funds over the years I'm not entirely confident of doing that so wondering if anyone has done it any other way ie paying balance outstanding direct to bank after sale goes through. (It;s a sort of delicate conversation to bring up with my solicitor which is why I'm asking here!)
Am in process of selling a house in negative equity and while I have enough cash to pay off the balance outstanding on the mortgage after the sale, I'm a bit reluctant about how this is done from a legal point of view. Will I have to lodge the balance with my solicitor? Given all the dodgy dealings with client funds over the years I'm not entirely confident of doing that so wondering if anyone has done it any other way ie paying balance outstanding direct to bank after sale goes through. (It;s a sort of delicate conversation to bring up with my solicitor which is why I'm asking here!)