Buying a house, proof of funds...

Slinky

I showed the EA our proof of funds for a cash offer, they were happy with sight of it but didn't ask to keep copies. They did want copies of passports>

AdrianC

deFoix said:

The fact remains that the EA has a legal duty to pass on any offers.

...providing the vendor has not already given instructions to ignore offers that do not meet certain criteria.

"And, of course, Sir... You want us to qualify potential buyers financially, to ensure we don't waste your time with people who cannot afford to buy?"
"Umm, yeh."

IamWood

EA is regulated under money laundering law. It is in their interest to check it. Why are you worried? You can just pass the page showing the total amount of your fund to them, which is what I did.

user1977

davilown said:

user1977 said:

The above advice may be fine simply for the purpose of putting the offer to the vendor, but if the purchase is to proceed, the agents (and your solicitors) will need to evidence that they've carried out the anti-money-laundering checks - and it's tricky to do that without copies on file.

The EAs don’t need that 

I've seen advice to the contrary here.

TBG01

And people wonder why the process takes so long.
The estate agent has asked for a copy as per their requirement. If you're not happy with complying then you're out of luck. 
It still baffles me how many people think the rules/requirements don't apply to them and will go out of their way to get round it rather than simply comply.