On Mon, 25 Oct 2004 17:33:41 +0100, Andy Hall
wrote:

On Mon, 25 Oct 2004 17:11:03 +0100, MM wrote:

On Mon, 25 Oct 2004 07:45:42 GMT, Peter Twydell
wrote:

In article , Rick Dipper
writes
On Sat, 23 Oct 2004 18:26:33 +0100, MM wrote:

How is the residual payment left over after completing a house sale
usually paid out? Cheque, or transfer to bank account?

MM

It depends on your solicitor, most shy away from transfers to swiss
bank accounts.

Rick

My online bank won't let me transfer more than GBP 2000 per day to a
third-party account, even if it's mine (at another bank).

But a residual payment from the sale of a house could be tens of
thousands of pounds, or even more. Are you saying there is no way to
transfer it from the solicitor's client account because it is a large
amount?

MM
Richard's talking about online banking. The limits are there with
that to make money laundering difficult.

It's not an issue when you are a known client on transactions like
this. The solicitor can quite easily transfer hundreds of thousands
to your account on a fast CHAPS transfer if you want. You pay about
£20 for that.

If 20 quid will buy me peace of mind, it's well worth it. I'm not
going to quibble about £20 as a one-off, since I will definitely not
be selling/buying houses any time soon, once this one goes through. I
cannot put myself through this again.

MM