MPP: We are moving our mortgage and in the process paying a chunk off. When talking about completion dates, I asked the solicitor if they ever had issues with clients moving a lot of money all at once, as I need to send the 'shortfall' to him. His reply, no, never been an issue in all his years.
Well clearly he hasn't had anyone paying this much off! The bank limits mean I have to phase the transfers over 4 days!
(Yes, I can do it in one day by paying for CHAPS, but the cost in interest for 4 days is lower. And we've decided to pay off the mortgage rather than invest for personal cash-flow reasons).