Final transfer of payment for our new home - various issues

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I could really do with some advice on this issue as I am struggling with various health conditions

We are getting very close to getting our new home on and we could do with some advice/explanations of the finance implications. Our solicitor is fine, but she writes in legalese, so we are struggling to make sure we understand.

The position is this: our funds are in a range of accounts: both building society and bank accounts, including NATWEST and Sainsbury’s Bank.

We understand that we can send the money by CHAPS transfer. What we are confused about is: do we send the money from each institution separately by CHAPS or should we send the money from each account across to the NATWEST account first and then just do one CHAPS from NATWEST to the solicitor’s holding account?

Another complication: NATWEST is taking over Sainsbury’s Bank at almost the same time. Would this cause any issues?

Finally: if we send everything to NATWEST first, could this get us into trouble if anything happened to NATWEST, i.e. we would be well over the £85,000 each for a short while before we did the final CHAPS to the solicitor’s holding account?

Thanks in advance.

Read this, it answers your question re over the 85k compensation limit.

Re transferring the balances to your solicitors account - providing you reference the monies properly its fine to make a number of transfers.

Be very careful that the account you transfer to isvthe solicitors account. There are some scams around. For example telephone your solicitor on the number on which you have contacted them before and check the account number and sort code are correct. If you receive an email or letter saying their account details have changed, it's likely to be a scam. Congratulations.

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Temporary high balances
Temporary high balances
Selling your house, receiving inheritance and other major life events could mean your bank balance is much higher than usual. FSCS can protect temporary high balances in your account of up to £1m for six months if certain requirements are met.
This page provides more information about the compensation you may be entitled to and you can also listen to our podcast to learn more.

FSCS protection for temporary high balances
If your UK-authorised bank, building society or credit union fails and can’t pay back your money, FSCS can automatically pay you compensation. Usually this would be up to a limit of £85,000 per eligible person, per bank, building society or credit union.
You may be entitled to additional protection if your account has a temporary high balance because of a qualifying life event, such as the proceeds of a house sale, a redundancy payment or benefits that were paid when you retired. FSCS can protect temporary high balances in your bank, building society or credit union account of up to £1m for six months.
There are some details to be aware of:
The additional compensation limit is per person, per qualifying life event. For joint accounts with a temporary high balance, each named person would benefit from FSCS protection of up to £1m.
The protection begins on the date the money becomes legally transferable to you, or from when it is first credited to your account or to a client's account on your behalf. You can move the funds to another account in your name and maintain the protection, but the six-month period would not begin again.
Proceeds from second homes or buy-to-let properties are not covered. If your temporary high balance exists because of a real estate transaction, it must relate to your main residence for FSCS protection to apply.
Compensation is unlimited for temporary high balances that relate to personal injury, disability or incapacity claims.
FSCS can pay compensation when certain requirements set out by the UK’s financial regulators are met. Read more about the rules we’re required to follow when deciding if a claim is eligible for compensation.
We can’t confirm whether a particular temporary high balance is protected unless your bank, building society or credit union actually fails.This is because we need to review all available evidence to check there’s a sufficient connection between the relevant life event and the sums in an account before we can make a decision.
Qualifying life events and evidence required
Certain life events could have caused a temporary high balance in your bank account, including:
Real estate transactions (property purchase, sale proceeds, equity release. This doesn't have to be a UK property but must relate to your main residence).
Benefits payable under an insurance policy.
Personal injury compensation.
Disability or incapacity (state benefits).
Claim for compensation for wrongful conviction.
Claim for compensation for unfair dismissal.
Redundancy (voluntary or compulsory).
Marriage or civil partnership.
Divorce or dissolution of a civil partnership.
Benefits payable on retirement.
Benefits payable on death.
A claim for compensation in respect of a person's death.
Inheritance.
Proceeds of a deceased's estate held by their personal representative.
To prove you've held a temporary high balance, we may ask for evidence which could include (but not be limited to) the following:
A property sale receipt or agreement.
A court judgement.
A will.
A letter from an insurer regarding an insurance payout.
A letter from a lawyer, conveyancer, mortgage provider, former employer, or pension trustees.
Court orders.
Social security statements.
Probate / letters of administration.
Death / marriage certificate.
Land register and HMRC records.
This list isn't exhaustive and the evidence we need will depend on your individual circumstances. If you provide the relevant supporting evidence and your claim is eligible under the rules we’re required to follow, we'll pay you compensation within three months.

Thank you very much for your help @PrincessofWells . It’s really appreciated.