Haven’t even introduced myself yet. Sorry. Sure I’ll get round to that soon.
Here’s my question. I’m just about to complete the purchase of a boat. Paid 10% deposit a few weeks ago to the brokerage. (A very well known small(ish) broker around the Tamworth/Lichfield area.) Full survey went great. I’m happy to proceed with purchase, but can’t physically be present for a little while.
So how safe am I to transfer the money to the (very genuine and very well established, well known) brokerage, who are selling on behalf of the owner? Will I own the boat at the point of money transfer? What might happen in the highly unlikely event of the brokerage ceasing trading before I can take receipt of the keys to the boat.
Appreciate any advice, as it’s obviously a sizeable wedge of money, and I’ve never done this before.
Very many thanks.