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Proceeds from property sale
Comments
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Having all of the funds in one pot may be easier (even though you may lose out on interest). When you come to buy again, the solicitor may have to go through the money laundering checks again and see where the money has come from. If you have it spread over a lot of accounts this could mean producing a lot of statements and doing multiple transfers. This shouldn't, in the grand scheme of things take a massive amount of time but it may be inconvienent.0
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Thanks all. It is a significant sum so we're looking for the safest hassle-free option. NS&I sounds like it might be the answer.0
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