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Can a property be bought for cash without requiring all the usual ID checks etc

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Old 18 October 2004, 02:35 PM
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CC
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Question Can a property be bought for cash without requiring all the usual ID checks etc

If someone bought a house for cash would they have to go through all the usual pain in the a$$ checks to prove you are who you say you are i.e. like when buying with a mortgage.

Obviously solicitors would still be involved but no estate agent and no lenders.

Just a straight cash sale.
Old 18 October 2004, 02:37 PM
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MattW
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Absolutely, even more so due to money laundering laws.
Old 18 October 2004, 02:45 PM
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Originally Posted by MattW
Absolutely, even more so due to money laundering laws.
Ok.

Thx for the quick reply.

Old 18 October 2004, 02:47 PM
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Patt@firstime
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Beat me to it - yes as you will still need a solicitor they will do everything the same.

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