My step daughter owned 50% of a flat under a shared ownership deal. She has now bought the other 50% share.
At this time we are not sure who has made a mistake because the solicitors say they understood that the mortgage money for the remaining 50% share was going to be paid yesterday. Whenever I've bought a property using a mortgage there have always been CHAPS transfers made. My step daughter paid her extra deposit by BACS but paid very early.
Yesterday, it turned out that the bank providing the mortgage - for both the first 50% share and the second 50% share - was sending the cheque by second class post! They said this was always the way they paid "further advances".
It seems to me that the bank doesn't have a sensible system in place for shared ownership purchases. It's not like my step daughter needed some cash to build an extension or something.