Surely I am not the only landlord worried about new EPC requirements?9:44 AM, 17th February 2021
About A week ago 125
During purchase, it has been my experience that many estate agents ask for financial details from buyers. I remember one particular South West agent int he 90’s tried to give us the mandatory “financial assessment” BS – ie show our tied mortgage agent all your cards.
I have always found this hard to navigate as I understand their need to check buyer validity. However I am loathed to allow an agent to know anything about my finances, and often when we view a property we have not decided how we are going to finance it, as its often property dependant.
My accountant normally assists with a certified letter stating that we have access to the required funds.
We have not purchased for 2 years and now we are a little dismayed to discover that agents are “required by law” (agents words here) to know everything about where we are getting our money.
a) Is this true? The agent is not handling any of our money, in the past, the solicitor has had money laundering requirements, which is fine, but I fail to see the agents involvement other than signposting? (I have bought 22 properties since 1999, so I have a bit of experience, but still by no means an expert).
b) Is there a way around it for example by using solicitor/accountant to verify?
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