where to put money from house sale before buying new one?

hagar

Hello, hoping someone can help! My mum is in the process of selling her house, to move down near us, but has not found another to buy. We are wondering about where the best place is to put the proceeds of the sale before she finds somewhere else. Looking forward to some advice! Thanks all.

Mr_Moo_2

This very site has a wealth of information ..... have a look here -

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

worth also checking out the stuff about compensation limits if the amount exceeds £85k.

ruggedtoast

Bitcoins?

.....

G_M

ruggedtoast wrote: »

Bitcoins?

.....

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

G_M

check out the savings forum.

You probobly need an instant access account.A savings one will pay around 1.5% (use comparison sites) or look at interest-paying current accounts (Lloyds, BOS, TSB, Santander all at 3% but with qualification rules and max limits on balances).

knightstyle

We were in a similar situation when building our house. We used the Skipton Building Society for a good interest rate and easy transfer of funds, very helpful and friendly people.

hagar

thanks everyone for your help-i shall pass it on.:T