• Conveyancing

    By Guest on 01st Aug 2019

    Hello helpful advisers,
    I need your expertise and advice.
    I am currently in the process of completing and exchanging contracts for my house purchase (after 3 long months). My solicitor has asked me to produce bank statements to show source of funds, which I am ok with, and I have done as requested. My problem is that the funds were transferred from my Help to buy ISA and savings account, which are both in the same account (Nationwide).
    Now, my solicitor wants me to show her the account details, with my name on the statements for both the ISA and savings account, which is impossible since it's all in one account.
    I have sent her screenshots, bank statements with all the account details showing and I have even given her permission to phone my bank to verify the account, but she's still being uncooperative and insisting I send her what she's requested.
    I am so frustrated with the way this is being handled. Please help. I need some sound advice.

  • 2 Answers

    By Guest on 01/08/2019

    She is covering herself with respect to money laundering. She wants to see an original document showing the funds so she ca n take a photocopy and the system is complete.

  • By Guest on 01/08/2019

    She is obliged to carry out anti-money laundering checks in response to Law Society guidelines and Solicitors Regulation Authority rules (and the source legislation). Each firm will interpret the guidance its own way but what she is asking is quite normal and you will need to liaise with her to satisfy her firm's anti-money laundering policies.

    www.notaryexpress.co.uk

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