What is Anti -Money Laundering?
As Estate Agents we are required by law to carry out Anti - Money Laundering checks for all of our property sellers and buyers. These checks are in place to make sure that no criminal activity is taking place through the property transactions that we are responsible for.
You can find out more about what data we need to obtain and how we handle your data by contacting our office or by reading through this page.
What documents will I be asked for?
To make sure you are who you say you are, you will be asked for proof of your current address and your name. You will be asked for a copy of at least two of the following documents, which you should have on hand to speed up the process.
Proof of name
Current UK/EU photo driving license
HMRC (Inland Revenue) Tax Notification
State pension or benefits book/notification letter
Proof of address
Current tax bill from your local authority
Rent card or tenancy agreement from your local authority
Recent mortgage statement
Utility bill (not mobile)
Proof of funds
To check that you have legally acquired the money you are using to buy the property, you will be asked to supply a proof of funds.
You may find that that you are asked for proof of funds initially by the estate agent because they want to make sure you are a genuine buyer who is interested in the property. You don't have to provide your proof of funds at offer stage, but it will allow us to put your offer to the vendors in the best possible light if you do
If the estate agent asks for proof of funds after you put an offer in, then they are not only checking that you have the money to actually pay for the property, but also carrying out their money laundering checks. You must provide proof of funds if asked for it at this stage.
Examples of proof
Proof of funds can be shown with:
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