Please help- sold a house and have banking issues

hermante

ZZaffy said:

I have sold my house and now the new house purchas is on hold due to coro.  I need to split the amount up between banks to keep the balance under £85,000 per bank for FSCS reasons.  I tried online to open a savings account with Secure Trust Bank, and  I was declined an account.  Any idea why?  Thank you.

No.

northwalesd

ZZaffy said:

I need to split the amount up between banks to keep the balance under £85,000 per bank for FSCS reasons.

You don't need to, unless the current siituation drags on for months
https://www.fscs.org.uk/how-we-work/temporary-high-balances/

notveryeducated

mwarby said:

There are accounts like cashplus who will take anyone, albeit for about £10 a month, I'd not normally reccomend them but if nobody else will give him an account due to cifas, its maybe not the most terrible option

Cashplus won't accept anyone with a fraud CIFAS marker. 

https://www.cifas.org.uk/services/national-fraud-database/national-fraud-database-members

This is a list of all CIFAS members who have access to the CIFAS database and who have the power to add CIFAS markers.

John_

oscarsamuel said:

Guys,

all I’m asking is, is there any reason why the solicitor can’t transfer the deposit into my bank account?

does it HAVE to be my fathers bank account? My father DOES want it to go into my account if there’s no legal reason it can’t. 

Don’t you find it a bit strange that he wants to use your account to pass the money through, given the trouble he caused by his last fraud?

born_again

oscarsamuel said:

Turns out my best option was to ask a lawyer online, who has confirmed himself and with 2 others that there is no legal reason why it can’t be transferred into my account.

 David, there’s a reason why you shouldn’t take everything you’re told as gospel. 

Thanks to everyone else 👍🏼

So a lawyer that does not understand money laundering or the chance of a vulnerable person being placed under duress... 
Was it via just answer?
If you father gets the solicitor to draw up a agreement stating he wants the money into your account that is fine. But he will have to do it without you there. So there is not under duress.

Thrugelmir

Have you expressed the same frustrations towards the solicitor? May explain their reluctance.