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16 February 2010

Selling a property in England and buying in Scotland: what is a good and safe home for the £500k involved?

House purchase rules in Scotland mean that an offer on a property is binding so it is too risky to rely on capital from a sale in England until completion. We will therefore have around £500K requiring a safe but hopefully brief home for anything from 6 weeks to 6 months until we find and buy a property in Scotland. We have temporary accommodation to see us over this period. We may need immediate access to the money to seal the deal but want a reasonable return if the purchase is protracted. Any suggestions?

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