Boards.ie uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more x
Post Reply  
 
 
Thread Tools Search this Thread
11-07-2019, 23:01   #46
seannash
Registered User
 
Join Date: Apr 2008
Posts: 4,945
Any truth to the view I heard that solicitors draw it out so that they accumulate interest on your money sitting in their account??
seannash is offline  
Advertisement
11-07-2019, 23:06   #47
Wildly Boaring
Registered User
 
Join Date: Oct 2010
Posts: 1,269
Quote:
Originally Posted by seannash View Post
Any truth to the view I heard that solicitors draw it out so that they accumulate interest on your money sitting in their account??
No
Sure the large deposit only happens at signing, rarely issues after that.

Only deposit up till then is with EA
Wildly Boaring is offline  
11-07-2019, 23:06   #48
looksee
Moderator
So...agreed on price, signing contracts tomorrow.

No to the question about interest, client money goes into a separate account.
looksee is offline  
11-07-2019, 23:08   #49
Amirani
Moderator
 
Amirani's Avatar
 
Join Date: Jun 2007
Posts: 10,653
Quote:
Originally Posted by seannash View Post
Any truth to the view I heard that solicitors draw it out so that they accumulate interest on your money sitting in their account??
Large corporate depositors are being charged interest on deposits these days, they're not getting paid interest.
Amirani is offline  
12-07-2019, 00:06   #50
ampleforth
Registered User
 
ampleforth's Avatar
 
Join Date: May 2016
Posts: 244
Quote:
Originally Posted by A2LUE42 View Post
took us 8 months with all the delays on the vendors side... try not to focus on the time, it will just drive you nuts.
3.5 months and was told that was fast...
ampleforth is offline  
Advertisement
12-07-2019, 01:23   #51
Evd-Burner
Registered User
 
Evd-Burner's Avatar
 
Join Date: Sep 2005
Posts: 1,271
Signing contracts tomorrow. The house is vacant and we have nothing to sell so hoping to be in within a few weeks.
Evd-Burner is offline  
12-07-2019, 09:14   #52
happyfriday74
Registered User
 
Join Date: Mar 2007
Posts: 187
Quote:
Any truth to the view I heard that solicitors draw it out so that they accumulate interest on your money sitting in their account??
None. Solicitors are just slow.
happyfriday74 is offline  
12-07-2019, 13:38   #53
ampleforth
Registered User
 
ampleforth's Avatar
 
Join Date: May 2016
Posts: 244
Quote:
Originally Posted by seannash View Post
Any truth to the view I heard that solicitors draw it out so that they accumulate interest on your money sitting in their account??
Then they also delay their own bill (and you paying it), which is probably a lot higher than that scrap money may make on interest...
ampleforth is offline  
19-07-2019, 13:41   #54
realmoonunit
Registered User
 
realmoonunit's Avatar
 
Join Date: Apr 2019
Posts: 83
We closed our own property (sale) in just over 8 weeks.

We have received contracts for new property today, waiting on loan pack from bank. we are now 2.5 weeks on that property. Hope we can close as quick on this one as we did on our sale.
realmoonunit is offline  
Advertisement
19-07-2019, 17:40   #55
ontheditch2
Registered User
 
Join Date: Dec 2010
Posts: 335
7 months and counting since sale agreed
ontheditch2 is offline  
19-07-2019, 19:37   #56
Uglysoik1
Registered User
 
Uglysoik1's Avatar
 
Join Date: Jul 2019
Posts: 21
Quote:
Originally Posted by ontheditch2 View Post
7 months and counting since sale agreed
Wow that's a long time - why is it taking that long if you don't mind me asking?
Uglysoik1 is offline  
19-07-2019, 22:17   #57
Sunrise_Sunset
Registered User
 
Sunrise_Sunset's Avatar
 
Join Date: Jan 2019
Posts: 443
Quote:
Originally Posted by ampleforth View Post
Then they also delay their own bill (and you paying it), which is probably a lot higher than that scrap money may make on interest...
Why do they delay their own bill?
Sunrise_Sunset is offline  
21-07-2019, 16:39   #58
Kenno90
Registered User
 
Kenno90's Avatar
 
Join Date: Feb 2009
Posts: 2,973
Quote:
Originally Posted by ontheditch2 View Post
7 months and counting since sale agreed
Ouch, thats tough. Any reason why.

I've just signed contracts and paid the deposit after 6 weeks. Its looking like i'll have the keys in about 4 weeks.

Nothing tends to happen in August. Everyone takes holidays which slows the whole process down .
Kenno90 is offline  
23-07-2019, 14:05   #59
MrPropertyGuru
Registered User
 
MrPropertyGuru's Avatar
 
Join Date: Jul 2019
Posts: 6
Average Time is about 4-6 weeks

<SNIP>

Last edited by Graham; 23-07-2019 at 14:17. Reason: Advertorial removed
MrPropertyGuru is offline  
23-07-2019, 14:33   #60
Uglysoik1
Registered User
 
Uglysoik1's Avatar
 
Join Date: Jul 2019
Posts: 21

Quote:
Originally Posted by MrPropertyGuru View Post
<SNIP>
When exactly do you get your receipt after paying the booking deposit? I paid mine last week after agreeing on a price with EA. Thanks!
Uglysoik1 is offline  
Post Reply

Quick Reply
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Please sign up or log in to join the discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Share Tweet