Proceeds from Sale of House

[HouseHunter2016]

We've recently sold our home and our solicitor has received the proceeds (after the mortgage has been paid). Can anyone advise what typically happens to this money now?

We are Sale Agreed to buy another house, and are waiting on the seller to sign his part of the contract. The purchase will be part-proceeds and part-mortgage

Our solicitor has asked us to collect the money.
Can we ask them to hold on to the money in the short-term until the new house is bought?
Or is it preferable to collect it and lodge it to my personal account?

 

[Easeler]

We done same thing a few years back we left solicitor hold on to money he gave us that option. I didn't think it was risky at the time as I felt it was less hassle for us, like it might look nice for a while to have 125000 sitting in your current account