How can I pay?

[Mr C]

So - we are moving shortly...   from Kent to Bourgogne.

I'm learning loads from this forum, and I thank everyone who's posts I have read.

 

When I sell my UK house, I will get a fair amount of money left over...

 

I know I can't just chuck it in a suitcase and then expect to be able to buy a house without awkward questions, so what should I do?

Do I keep the money in the UK, and then transfer it to the vendors bank (like I would here) or do I open a French bank account, transfer the money there and then make the purchase?

 

 

Its difficult as I am not able to buy until I have sold here and moved there...

 

 

Thanks in advance.

[Ron Avery]

Do I keep the money in the UK, and then transfer it to the vendors bank (like I would here) or do I open a French bank account, transfer the money there and then make the purchase?

A lot depends on the exchange rate and whether the £ is strong against the €.  Most people will I suggest have put the sale proceeds in a UK savings account or similar to earn a bit of interest and then transferred whaat they needed to the Notaire's bank account when completing the purchase of a house.

 

[Will]

Most people use a currency exchange specialist to transfer the money from their own account to the notaire's secure account - definitely not direct to the vendor or agent. If asked to pay anybody other than a notaire there is something dodgy about the sale.