UK Security for Expenses Scheme Launches

Deposit your Party Wall Security for Expenses, free of charge, at the Bank of England.

The Security for Expenses Scheme is a new, independent deposit service designed to assist building owners in the United Kingdom with depositing the necessary security under a Party Wall Award.

Security: The funds are held at the Bank of England.
‍No Charges for Users: The Scheme operates without any fees for users. This is made possible by maintaining low overheads through standardised terms, receiving a small share of interest from the Bank of England on deposited funds, and supporting the service through other profitable business activities.
Eligibility: The Scheme accepts any signed Party Wall Award for a contemplated building project within the UK that requires the deposit of security.
Transparent Terms and Conditions: The Scheme operates under clear and straightforward terms (the UK Security for Expenses Scheme Rules), providing clarity and comfort to all users.
No Hidden Costs: There are no hidden fees associated with the service. The only potential charges may arise if the Scheme becomes involved in a dispute requiring additional services beyond standard account management.

Cash Deposit Manager

High-Interest, Zero-Risk Deposits

Earn more than £32,500* per annum on every million pounds deposited, with zero risk and no need to open hundreds of bank accounts to keep your large cash holdings properly protected.

Deposits held liquid and unencumbered at the Bank of England.

Private bank-beating interest rates.

Protection for sums greater than the FSCS limit.

Easy and fast account opening.

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Escrow & Payment Services

We add trust to complex and high-value payment operations. As experienced escrow agents and third-party managed account providers, we have the tools, relationships and experience to handle transactions of any value.