Some of the biggest home buying delays come from steps most buyers don’t even realise are happening, like anti-money laundering (AML) checks – especially source of funds and ID verification.
Our Head of Legal and property, Tom Lyes, speaks to Modern Lender about how to solve them and avoid slowing home buying down.
Source of Funds refers to the origin of the money used in a particular transaction, such as when purchasing property, making an investment, or transferring capital. This guide explains, what they are, why they are required for Anti-Money Laundering (AML) compliance, and the key considerations when conducting due diligence
Read more
Joining the allows us to be able work with the best minds from across the sector to fulfil the potential of open property data and make it work for all.
Read more
