Escrow For Your UK Property Transactions
18 March 2022
Using Escrow accounts is becoming increasingly popular across a number of sectors.
Traditionally and still widely used for M&A transactions where funds are retained post sale to cover warranties and claims, we are now seeing Escrow becoming more mainstream to help manage risk and provide security. One such area is Property – be it construction, residential or commercial sales and litigation.
With real estate values continuing to climb and UK property sales at an all-time high, it is unsurprising that more clients require our Escrow services.
Protecting funds has become of paramount importance, and we have seen some funders in the construction industry making Escrow accounts for client deposits mandatory.
How we can help with Escrow Arrangements
Our ability to open Escrow accounts within hours, subject to satisfactory due diligence, coupled with the fact we are regulated by the Financial Conduct Authority as an Authorised Payment Institution, make us an ideal choice for Escrow services.
We have straightforward Escrow Agreements available, but we can also create bespoke Agreements tailored to your specific requirements.
We have no minimum value and can support a variety of transaction types from short term to indefinite arrangements, from those with minimal activity all the way through to heavily transactional arrangements.
If you would like to find out more about how Escrow may suit your needs in relation to a property transaction or development project, and how best to protect funds, please contact Sue Wakefield.