We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Estate Agent Asking For ID?
Comments
-
The EA we bought through insisted on seeing ID and proof of funds for our cash offer. I took them with me when I first viewed as I wasn't going to go back to show them if our offer was successful, as it was over 200 miles round trip.Make £2025 in 2025
Prolific £841.95, Octopoints £6.64, TCB £456.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £52.74, Everup £95.64 Zopa CB £30
Total (1/11/25) £1954.45/£2025 96%
Make £2024 in 2024
Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
It is my understanding that it has since been clarified by HMRC that EAs do have to carry out AML checks on both buyers and sellers:
They sure have. Ignore my previous post.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/628696/Estate_Agency_Businesses_Guidance_.pdf#0 -
The plot thickens.
The Law Society of Scotland reckon that the new requirements don't apply to Scottish solicitor firms, that they are exempted from the definition of 'estate agents' in the regulations.
This raises an interesting conundrum north of the border, then, where this suggests that;
- A solicitor firm performing estate agency business and handling conveyancing for that business is not required to ID buyers, but ...
- An estate agency firm (who would pass a buyer's accepted offer on to a separate solicitor firm to perform conveyancing) is required to ID their buyers.
https://www.lawscot.org.uk/members/business-support/financial-compliance/anti-money-laundering/money-laundering-regulations-2017/0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards