Have the buyer complete a written declaration of offer rather than accepting it verbally so that you have clarification of their financial position and circumstances of selling so that this can then be shared with all parties, excluding confidential information, making everything transparent.
This a vital tool in ensuring you meet your legal obligations under the Consumer Protection from Unfair Trading Regulations, and can help reduce fall throughs where a buyer discovers an issue which has an impact on their decision to purchase.
Under the Consumer Protection from Unfair Trading Regulations, both the landlord and letting agent must disclose anything within their knowledge that would affect the transactional decision of the average consumer.
We have developed an Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) Questionnaire to help you highlight possible areas for improvement in your business.
Our Identity Verification Form will assist you in collecting the important information you need about the vendor and the property or land to be sold. Use the form to tick off the appropriate checks and comply with the money laundering regulations.