What ID do I need to purchase a property?
Darren S from Swindon
16 April 2013
Buying a house questions and answers
I want to make an offer on a flat. I believe I have to take lots of forms of ID. What do I need to take and why should I do this?
Essentially, you just need to bring:
Proof of identity by providing either your:
Driving licence or
Proof of funds – by providing a copy of your mortgage offer. The mortgage offer is subject to the surveyor’s evaluation of the property you’re looking to buy which is why we often refer to this document as your ‘mortgage offer in principle’.
A bank statement showing your address and sufficient funds to cover a deposit which is designed to prevent money-laundering and ensure everything is legitimate.You may also wish to bring any other bank statements as evidence of your current address.
A reservation fee. If you were buying a new home you may be asked to make a non-refundable reservation fee which will get rolled into your deposit when you exchange.
You need to demonstrate you are who you say you are, you live at the address you’ve given and that you have the legitimate financial means to meet your offer.
reallymoving says: As of June 2017, the HMRC now requires agents to to "have a system for keeping copies of customer due diligence and supporting records and to keep the information up to date." This means that whether you are purchasing or selling your property through an estate agent, they are required to ensure you have not only given them correct and accurate forms of identification, but that they are up to date.
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