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House sale proceeds - protection for 6 months - is this true?

5 replies

MyBonnyLiesOverTheOcean2020 · 22/03/2021 13:22

Someone told me that house sale funds in your normal bank have protection for six months. Does anyone know if this is true? Thanks.

OP posts:
Knittedfairies · 22/03/2021 13:25

I found this

whyamidoingthistomyself · 22/03/2021 13:25

Protected against failure of the bank , yes

I asked my bank

LuxuryWoman2020 · 22/03/2021 13:25

Yes up to a million pounds. Easy to Google

MyBonnyLiesOverTheOcean2020 · 22/03/2021 13:27

Thanks very much. Smile

OP posts:
dotdotdotdash · 22/03/2021 15:47

Very helpful - thanks - I did not know this

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