Trying to time house sale and purchase and seems like there will be a gap between the two closing dates, which means my sale proceeds, a significant amount of cash will be resting in the solicitors' client account for a bit. If any major bank crisis or financial system upheaval were to happen during this time, how protected are my funds? Presumably solicitors benefit from larger deposit protection than 100k Joe Soap limit?
And for the full amount, not just first 100k? Sorry for all the questions, I can't seem to find info anywhere online about this specific scenario involving client funds.
And for the full amount, not just first 100k? Sorry for all the questions, I can't seem to find info anywhere online about this specific scenario involving client funds.