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Another cash buyer question
whitesatin
Posts: 2,102 Forumite
I was reading on another post about having to provide a certified bank statement to show to the estate agent.
When we get our money from the sale, hopefully next week, we don't intend to have it sitting in our current account or, indeed, in any one account due to the savers compensation limit of £50k per bank.
So, how could we show that as proof of our ability to pay cash? The idea is that we keep the money in various instant access accounts for a few months till we need it.
When we get our money from the sale, hopefully next week, we don't intend to have it sitting in our current account or, indeed, in any one account due to the savers compensation limit of £50k per bank.
So, how could we show that as proof of our ability to pay cash? The idea is that we keep the money in various instant access accounts for a few months till we need it.
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Comments
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If EA insistent could not your solicitor provide written confirmation that following sale completion you have sufficient liquid funds to complete a purchase?0
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We got an offer accepted and are in the process of purchasing the property. We are also cash buyers and did not have to show any proof of funds to the estate agent. So maybe we were lucky!! But I am inclined to agree with wodgerdodger, im sure that if you ask your solicitor to confirm that the funds are in place, there should not be any doubts about your cash buying status. Good luck.0
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