Page 14 - International Buyers Guide
P. 14
Purchasing from overseas
Fife
Buying or renting can all be handled from delayed, and whether any specialist reports
overseas with the right preparation. The key is to or lender requirements must be satisfied
line up trusted professionals early and make sure before you commit. The contract becomes
your documents, finances and communication legally binding once missives are concluded,
arrangements are in place before deadlines arise. so it is important to be clear on what the
conditions of the agreement are.
Working with a solicitor remotely
UK bank accounts
A Scottish solicitor can usually manage most
Opening a UK bank account can make day-
of the purchase process remotely by email,
to-day life much easier, especially for rent
phone or video call. You should expect detailed
payments, household bills, salary payments
identity and anti-money laundering (AML)
checks, particularly if funds are coming from and direct debits. Many banks ask for proof
of identity and proof of address, though
overseas accounts. Your solicitor may ask for
requirements vary and may differ for new
documents showing the source of funds, and for
instructions in writing, before submitting an offer arrivals without a permanent UK address.
Before applying, check what documents your
or concluding missives.
chosen bank accepts, such as a passport,
visa or digital immigration status, an
Ask your solicitor to explain any conditions employment or university letter, a tenancy
attached to the offer as well as the proposed agreement, or confirmation of temporary
date of entry, what happens if settlement is accommodation.
14 | Buying in Scotland
