Private sale question

I've never heard of a faster payments limit of only 5K! 10k is the minimum limit I've seen. Which would mean you'd only have to take 2k in cash.

I used to be with lloyds and they would limit you to £5k in the first 24 hours for the first tie paying anybody. But like others have said, just pre arrange it with you bank
 
Ok, name one then?
I dont know of any, non that advertise. If someone suggested we use such a service it could easily be a scam. Needs someone like pistonheads or autotrader to do it so both parties know its legit from the off.
The point is escrow as a concept exists already and there are services out that do precisely what you asked for, don't know why the attitude.
 
I used to be with lloyds and they would limit you to £5k in the first 24 hours for the first tie paying anybody. But like others have said, just pre arrange it with you bank

Certainly faster payment limits may have been smaller in the past, looking at Lloyds site now though and they have a 25k limit, so one of the bigger amounts. I remember looking at banks with big faster payment limits when I was sending over a house deposit to the solicitors (although that wasn't really needed as most banks will send up to 250k if you go in branch).
 

The point is escrow as a concept exists already and there are services out that do precisely what you asked for, don't know why the attitude.
attitute?

My point is you cant name one and nor can I, so if I tried to buy a car from you and sent you a link to some site you never heard of thats going to hold that £50k for us, I personally would be a tad concerned about being scammed. You act like its something that people use all the time, yet you cant name a single one.

If a known name like the AA, autotrader, or even a bank had such a service then I expect people would use it.
 
attitute?

My point is you cant name one and nor can I, so if I tried to buy a car from you and sent you a link to some site you never heard of thats going to hold that £50k for us, I personally would be a tad concerned about being scammed. You act like its something that people use all the time, yet you cant name a single one.

If a known name like the AA, autotrader, or even a bank had such a service then I expect people would use it.
Wrong side the of the bed mate? Don't know why you're trying to pick a fight. You asked a question, I answered it.
 
Escrow is the sort of thing that exists but the layman doesn't tend to use for money transactions, hence no household names. I've seen it used for software source code before whereby a customer wants a third party to hold the source code for an application provided by a supplier in escrow in case the supplier goes out of business and can no longer support their product.

Probably some similar things around for keeping hold of private information only to be passed on when you die and stuff like that.
 
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Send £1 than the rest, somehow that's how I get around the bank phoning me when I transfer 'larger' sum, it appears that having prior transfer history with the other person helps.

Safest thing is to say, unless the money is cleared in my account, the car doesn't leave my drive and V5 stays in my name.
 
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