Cash offers of £650k

[Pecal]

The house in question is a smallish 4 bed semi (loft conversion) in a nice area of outer London (zone 4 I think) . It has a very small garden and kitchen.

The house is idea for a youngish family because it doesn’t have massive space.
The agent told me that they had a few cash offers of around £650k.
I was wondering what sort of situation would allow someone to have £650k in cash.

Actually, they are supposed to see bank statements verifying the funds are there. Or a solicitor's letter stating the purchaser is in possession of the asking price in cash.

Yeah but they can have it in theory and not be prepared to use it for the house purchase- like if it’s all in an investment portfolio or put aside for school fees etc. So the EA can check they have it, that’s all.