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What shall I do with money from my sale?

freerein
freerein Posts: 18 Forumite
edited 7 January 2011 at 3:37PM in House buying, renting & selling
Hi

I have just sold my house and the money left over having paid the mortgage etc is going to be used for a deposit on our new home, however this will not complete for 3 weeks - anyone got any ideas what I should do with the deposit money?

I was going to leave it with the solicitors but I figure I could put it to better use in my own account?

Any sensible ideas welcome

Many thanks

Comments

  • CloudCuckooLand
    CloudCuckooLand Posts: 1,905 Forumite
    It would take 3-4 days to reach another account, then you'd need to allow 3-4 days to move it back to your solicitors. (unless you CHAPS it, but that costs a £25-30 fee)

    Max of 2 weeks in-between hardly seems worth the hassle. Unless you are talking about lots of zeros...

    Check what your solicitor's account pays on your funds.
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
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