AML checks when DIY conveyancing

anselld

masca said:

TBG01 said:

masca said:

For the benefit of anyone else who finds themselves in a similar position, the vendor's solicitor has just confirmed that we will need to instruct a solicitor in order to comply with money laundering and identity checks. 😠. Why, then, is it not commonly acknowledged, including on Gov websites, that a solicitor is not recommended, but REQUIRED, when purchasing a property?

Please link to the Gov websites, and other websites where its recommended to do DIY conveyancing.

I didn't say that DIY conveyancing was recommended. I said that instructing a solicitor is recommended, when in actuality it seems to be a necessity.

The necessity is being placed by the vendors solicitors, not the law in general.  They could just as easily do their own AML check on you, it is just the closed shop attitude of Solicitors only being willing to deal with other solicitors.  

Regarding auction purchase (assuming traditional) there is very little to do on the purchasers side.  The pack is all there and there are no “enquiries” to be had.  On a 28 day purchase they seem to do nothing for 27 days and then press the button on day 28.    You would think they would see it as easy money but again solicitors seem to be sniffy about dealing with auction purchase.

grumpy_codger

TBG01 said:

masca said:

For the benefit of anyone else who finds themselves in a similar position, the vendor's solicitor has just confirmed that we will need to instruct a solicitor in order to comply with money laundering and identity checks. 😠. Why, then, is it not commonly acknowledged, including on Gov websites, that a solicitor is not recommended, but REQUIRED, when purchasing a property?

Please link to the Gov websites, and other websites where its recommended to do DIY conveyancing.

AI Overview

In the UK, the legal principle generally is that everything is allowed unless it is specifically prohibited by law. This means that actions are considered legal unless they violate a specific law or regulation. Conversely, certain activities and goods are outright banned or restricted.