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

7 replies

Candustpleasefuckoff · 10/02/2014 16:15

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?

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BrandyAlexander · 10/02/2014 16:16

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

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MrsCakesPremonition · 10/02/2014 16:18

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

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Candustpleasefuckoff · 10/02/2014 16:19

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

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InsertUsernameHere · 10/02/2014 16:25

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

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specialsubject · 10/02/2014 17:50

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.

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specialsubject · 10/02/2014 17:51

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

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Frozenatchristmas · 10/02/2014 18:18

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

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