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Cash Buyer - Payment Question

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Comments

  • warby68
    warby68 Posts: 3,164 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Slinky wrote: »
    Our solicitor was perfectly happy for us to transfer 'in dribs and drabs'. They are very used to this. We were well organised and the final amount was with them several days in advance of our completion date.


    We were far happier with this than on a previous occasion where we were supposed to be receiving proceeds of a sale on a Friday, but the money went walkabout and didn't turn up in our account until the following Tuesday or Wednesday. Fortunately no onward purchase was depending on it - a mess up somewhere between the solicitor and the bank and that was using CHAPS!

    Your second instance has a far simpler likely explanation than any mess up within the CHAPS framework ;)
  • Slinky
    Slinky Posts: 11,643 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    warby68 wrote: »
    Your second instance has a far simpler likely explanation than any mess up within the CHAPS framework ;)


    Very probably, but at least by paying in dribs and drabs we knew the money was reaching the solicitors as they confirmed each receipt on a daily basis. If we'd have left it much closer to the event, and somebody had c)cked up like they obviously did with our CHAPS payment, the situation could have been a lot more fraught.
    Make £2026 in 2026
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    Total £217.32 10.7%

    Make £2025 in 2025  Total £2241.23/£2025 110.7%
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    Make £2024 in 2024 Total £1410/£2024 70%
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