Report comment

Is there any wonder there has been so much discussion re third party escrow accounts ??

Honestly, whilst you, yes you reading this may think you are immune and this only happens to other practices, wake up and smell the coffee.

If TLS actually got the charges for operating these down (perhaps they could approach and Estate Agent or LMS to do the barrow boy negotiation) why would you bother to hold the money ? The interest on Office is crap, so take away the risk and see your PII premium drop through the floor.

Oh...and if Barclays or whoever runs off with the client's money, or go bust, we're all businesses now, so don't worry, its not your problem, whereas it damn well is, if your Partner fuels his gambling habit on client and the SRA will simply say if you didn't know, you should have done and off to the SDT you go, with a nice costs order as the icing on the cake after strike off.