Hi tomterm8, Despite not being what we want to hear , I think your advice is sound. If we state in the letter that we will spend the money after 6 months and it is his responsibility to explain how he has arrived at his figure we can't really go wrong. You never know, we may have worked it out wrongly! Thanks for your help. Rgds, /\/\

Hi oneofakind, We haven't got an invoice or receipt as such, but we have got a "completion statement" which details the various components that have gone to make up the final amount. No mention of "full and final settlement" though! We have put the 20k in a high interest account, but if the statute of limitations is 6 years that means we have to leave it (and the interest earned) in there and untouched for 6 years, only for him to potentially come along after 5yrs and 364 days and claim the lot! Would be nice to think he could only do this after, say, one year, at which point we could then use the money to pay off some of our mortgage! Hence the initial question of how long must we wait. Course I suppose we could pay off some of our mortgage today and then, if he comes back after one year, or even 5 years, we will have enjoyed the lower repayments for the whole of that period. Of course we would then have to find the £20k + interest, but we could always extend the mortgage at that point I suppose. Now I know why I hate finance! Rgds, /\/\

Hi, An easy question I hope! I have just completed a house purchase and, despite arguing with the conveyencer regarding the amount of money he required us to pay him to perform the completion he insisted that the amount he required was correct. We calculated that he was out by over £20,000. But in our favour !!! My question in this. Although we now find ourselves over 20k richer , how long do we have to keep this money so that we have it to hand when he eventually discovers his mistake and tries to recover it back from us:cry: ? At this point will he be entitled to interest on the money as well as the original amount? Is it six years :? ? Or less maybe? Any help appreciated!