The vendor has requested we release the deposit (currently in trust) to them. We are 6 weeks from settlement. I have been advised to allow as their is no mortgage on the property and sufficient equity.
Am I correct that there is a huge risk to me by allowing this. For example the vendor chooses not to settle and as they have the deposit I will then have to fight them through the courts to get the deposit back.
They agreed to a 90 day settlement instead of 60. So part of me feels I should be accommodating in return (although if they said no to 90 days that wasn't a deal breaker for us). The other part is saying you I have to look after my own interests.
2 cents welcome
Am I correct that there is a huge risk to me by allowing this. For example the vendor chooses not to settle and as they have the deposit I will then have to fight them through the courts to get the deposit back.
They agreed to a 90 day settlement instead of 60. So part of me feels I should be accommodating in return (although if they said no to 90 days that wasn't a deal breaker for us). The other part is saying you I have to look after my own interests.
2 cents welcome