Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I receive exchange deposit funds or mortgage advances?

April 26, 2017advances deposit exchange funds mortgage

0

Posted

Can I receive exchange deposit funds or mortgage advances?

1 Answer

0

Posted

Deposits and mortgage advances are held by solicitors firms on an Undertaking which can only be provided by the solicitor or their authorised employee. If you are a self employed Fellow you would not fall under this category and would therefore not be able to hold either of these funds because you cannot provide the undertaking.