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deposit
jewel22_2
Posts: 47 Forumite
how best is it to get my deposit to the solicitors?
CHAPS?
bankers draft?
personnel cheque?
I guess what i need to know what is the safest way, I dont think we will be exchanging before xmas
thank you
it will be sent by post
CHAPS?
bankers draft?
personnel cheque?
I guess what i need to know what is the safest way, I dont think we will be exchanging before xmas
thank you
it will be sent by post
moved on 2nd feb07:beer:
0
Comments
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CHAPS will cost you £20-£30, so if you're not completing until next year I wouldn't have thought it's worth doing this.
Cheque will take a day getting there + clearing - and leaves you with that niggling feeling of "might get lost in the post"
If you have online banking your Solicitor should be able to give you an account number and sort code (just as you would need for CHAPS anyway) and you can do a BACS transfer - it should be free and will take 3 days... that's what i'd do.0 -
Most solicitors, afaik, won't accept personal cheques for deposits, you would need to get a bankers' draft from your bank, and I'd cough up a fiver to send it special delivery.0
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My lawyer (also my boss) usually takes telegraphic transfers as deposits, but as far as I know he is happy with cheques. He took mine as a deposit, but just made sure I gave it to him in enough time to clear before he then handed funds over to the other side. The same applied when he asked me to cough up for stamp duty (being such a nice boss, didn't actually charge owt for the actual work he did!).Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810 -
djm1972 wrote:If you have online banking your Solicitor should be able to give you an account number and sort code (just as you would need for CHAPS anyway) and you can do a BACS transfer - it should be free and will take 3 days... that's what i'd do.
Check the transaction limit beforehand though - Llloyds have a limit of 10K
My solicitor accepts cheques too0
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