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How did you recieve the money from your house sale? Cheque or balance transfer?

(8 Posts)
Candustpleasefuckoff Mon 10-Feb-14 16:15:07

My solicitor has asked how I want to recieve monies owed. Cheque is free balance transfer will cost nearly £50. Which would you go for?

noviceoftheday Mon 10-Feb-14 16:16:55

Same day transfer in our account. It's worth the £50 for that peace of mind.

MrsCakesPremonition Mon 10-Feb-14 16:18:06

Presumably the cheque will delay thing as you will need to wait for it to clear before you can complete the sale.

Candustpleasefuckoff Mon 10-Feb-14 16:19:56

There is no onward chain. I am moving into rented for a while.

InsertUsernameHere Mon 10-Feb-14 16:25:12

Judge the £50 against how much interest would be lost and whether you can pay the cheque in easily (wouldn't fancy posting it)

specialsubject Mon 10-Feb-14 17:50:31

balance transfer. That is the CHAPS fee, it varies a bit but that is about what solicitors charge with the VAT.

you can't hand over the keys until the money is in your account. Even with current derisory interest rates, the proceeds of a house sale will earn something.

surprised the solicitor has even mentioned a cheque.

specialsubject Mon 10-Feb-14 17:51:00

ps if it is over 85k get accounts ready with two different banking licenses.

Frozenatchristmas Mon 10-Feb-14 18:18:25

Um, a chaps transfer is only £25. I'd ask where the £50 comes from.

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