TinkyWinky - 2:04 pm on Mar 11, 2010 (gmt 0)
using lawyers and accountants
This can be done for < 2% of the transaction... for £2k a heads of agreement can be set up, 2 page letter outlining what's being sold etc etc and then using a solicitor that allows you use their bank account as the 'escrow' account. The money is held 'in trust' for the seller and once all transfer made, then you get the cash. I've done it and it doesn't need to be anywhere need £10k+. Just don't use central London legal or accounting professionals ;).