Thanks for the response Brendan.
I rang the mortgage bank there now. They said that the €350,000 has not been received by them. According to the bank, my solicitor asked for redemption figures two days before the sale closed. The bank said that it can take 10 working days for the redemption figures to reach my solicitor. This means that I will have to pay interest from the date the sale closed until my solicitor actually pays the balance to the bank! Is this normal?
The purchasers are now living in the property and it seems that I have to pay interest until my solicitor actually pays the bank?
And all the while €350,000 is sitting in my solicitor's account and would be accruing interest for her? Is this right? I'm really upset about this.
Is this the normal procedure?
AIB is the bank and to be fair to them, they have been great. The same cannot be said for my solicitor unfortunately. My solicitor's bank is also AIB, so the transfer of funds would be on the same day. So I don't know why she can't transfer the money and then even credit me back some if the balance has come down a fraction since the property closed to today's date.
***UPDATE since I typed the above****
I just got a response from my solicitor via email to say that the mortgage was paid by solicitor's cheque last week as the bank do not accept electronic transfers? What? Then why would the bank tell me that they do accept them and as per above, that it would transfer on the same date (AIB to AIB)? And if she sent it last week, then why isn't it showing on the bank's system? The skeptic in me is thinking that she sent it via cheque as it would be slower and hence the money could 'rest' in her account for a while extra. The bank have no record of receiving a cheque, but maybe their system is not up to date as yet. Hard to know. In any event, I am not happy paying interest on a property I no longer own.