selling a house for cash sale

any idea what is needed legally for a cash sale?

Your solicitor will be required to comply with the Money Laundering Regulations so he will need to know where the money has come from.

An official valuation

I would still use a solicitor to handle the transfer of the cash, they usually hold it for a few days until the paperwork is complete.

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Originally Posted by chris lee

I would still use a solicitor to handle the transfer of the cash, they usually hold it for a few MONTHSuntil the paperwork is complete.

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so as they can get the interest on it

I've just bought a house for cash. The pressure is on the buyer rather than the seller. Loads of forms and declarations to various bodies which is line with prevention of money laundering more than anything else. Definitely use a solicitor though. Keeps it all above board and covers your ass in case anything goes wrong.

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Originally Posted by Maccy Blue

I've just bought a house for cash. The pressure is on the buyer rather than the seller. Loads of forms and declarations to various bodies which is line with prevention of money laundering more than anything else. Definitely use a solicitor though. Keeps it all above board and covers your ass in case anything goes wrong.

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thank you all for the replies all help appreciated will def use a solicitor:thumbup:

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Originally Posted by BLUETIT

so as they can get the interest on it

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wrong

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Originally Posted by Optimistic Nick

wrong

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Would assume escrow accounts aren’t able to have interest accruing

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Originally Posted by BLUETIT

so as they can get the interest on it

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Don't be daft :hehe: