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AliceBanned

Mmm completion day was interesting :-D.

despite numerous warnings from me to my conveyancer prior to exchange, conveyancer didn’t ask for service charge, payable a year up front. They missed this completely as they don’t read any paperwork or act proactively at all. So 11am completion day I am already very stressed and anxious after months of poor service, they phone me and say I have to pay them £1300 in order to complete. If I hadn’t had my eye on things the whole chain could have collapsed.

oh and strangely they didn’t care where my money came from. 

AdrianC

moneysavinghero said:

AdrianC said:

moneysavinghero said:

Just shows how pointless all these money laundering requirements are. You are just going to use the 2k to pay down your mortgage without any checks. If only the master criminal money launderers could think of such a cunning plan.

How are you paying the mortgage down?

Are you walking into a branch with a wad of £20s? Because, if you are, then you're going to be facing a raised eyebrow.

Remember, once you've opened the mortgage, you've gone through the KYC and AML checks. The solicitor is doing those checks on you because you're a new client.

Who bothers walking into a branch these days. Bank transfer.

So the money is already in a bank account... And has been through AML to get there.

The issue is trying to turn cash into balance in a reputable financial institution. THAT's the bit that the naughty people have issues with.