18 Aug 2007 12:00 AM:

I have bought off plan through Atlas and am about to complete.    My final 'liquidation'  costs include 7% IVA to be paid in cash to the builder.       Any thoughts on why this payment is made in cash?

Also, I am being told to allow a further 4% of the total cost of the property for conveyancing, paid up front on day of completion, again in cash, and when the Deeds are finalised I will be refunded any costs not incurred.    Is this normal practice?

 

 

Thread: Cash Payments

--------------------------------------