Thursday, October 15, 2015

Do they get the house deposit back?


My parents are splitting up so subsequently selling their house.

They bought the house for around £137000 and put a £100,000 deposit down. After the mortgage has been paid off and all debts, overdrafts, solicitor fees and finance policies paid off this would total about £50,000.

If they sold the house for £150,000 what money would they get back?

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