Why Estate Agents Ask for ID: Understanding AML Checks When Buying or Selling a Home
All those checks might feel like red tape, but they play a vital role in keeping property transactions in Brighton, Lewes and Shoreham safe, secure and stress-free. Here’s why AML checks really matter.
Buying or selling a property in Brighton, Lewes or Shoreham-by-Sea is always an exciting time, until the paperwork starts.
Suddenly, you’re being asked for copies of your passport, proof of address and details about your funds. It can feel like a bit of a faff, but there’s a very good reason behind it.
You’ll probably come across the term AML, which stands for Anti-Money Laundering. It’s a key piece of legislation from HMRC designed to prevent criminals from using property to disguise illegal money.
What is AML and why is it important?
In simple terms, money laundering is when someone tries to make ‘dirty’ money look legitimate. Property is a common target because it’s such a high-value asset. To stop this, estate agents and solicitors must carry out checks to confirm that everyone involved in a sale or purchase is who they say they are and that their money comes from a legal source.
What does it mean for you?
For most people, AML checks for sellers are very straightforward. You’ll need to provide:
- One form of photo ID (passport or driving licence)
- One document showing your current address (such as a utility bill or bank statement dated within the last 3 months)
- A land registry check to see who owns the property being sold.
For buyers, we will ask about the source of any large cash funds. It’s not about prying; it’s simply to confirm that the money comes from a traceable, legitimate account.
If you, or a buyer, is classed as a Politically Exposed Person (PEP), meaning you hold a position of public influence or have close connections to someone who does, additional checks are required. This is to ensure no one is being coerced or used by criminal networks.
Is it really that serious?
Thankfully, most property transactions in Brighton, Shoreham and Lewes go through without any issues at all. But because UK property is such a valuable asset, it has unfortunately become attractive to those looking to move money illegally. AML checks are there to protect everyone involved and to keep the market transparent and trustworthy. They are regulated by HMRC and agents have strict rules to comply with.
How are AML checks done?
Many estate agents in Brighton, Lewes and Shoreham now offer digital AML checks, so you can verify your ID securely online without needing to visit the office. There may be a small admin fee, but it’s a quick and convenient way to tick that box.
You’ll also be asked to complete similar checks again later with your solicitor once an offer is accepted, so don’t worry if it feels repetitive; it’s all part of the process. We hope one day, there will be a more streamlined way for buyers and sellers to provide the necessary information required to buy and sell property in the UK.
Ready to make your move?
Once your AML checks are complete, you can get on with the exciting bit!
If you’re ready to go ahead, get in touch with our team today using the link below, or via the marketing proposal we sent you after our meeting.
