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When selling or buying a home, your team of professionals must follow a strict compliance framework. Let's get this process underway for you...

Why compliance checks are essential and how to make them easier

Before you can buy or sell a property, you need to pass a compliance check. These checks are legal requirements to prevent fraud and money laundering. But here’s the problem - if you don’t complete it smartly, you might end up doing the same check up tofour timeswith your estate agent, mortgage broker, conveyancer, and even your lender.

The good news? There’s asmarterway to handle compliance, and it starts with Open Moove.

What is a compliance check?

A compliance check is alegal requirementfor all property transactions. It involves verifying youridentity, address, and source of fundsto ensure everything is above board.

Traditional compliance checks require:

•Proof of ID– A passport or driving licence.

•Proof of address– A recent utility bill or bank statement.

•Source of funds– Evidence of where your deposit is coming from.

Without this check, your purchase or salecannotlegally progress.

The hidden problem: Doing this multiple times!

Most buyers and sellers don’t realise that different professionals in the property transactiondon’t share compliance checks. This means you could be asked to provide thesame information:

• When offering with an estate agent.

• When applying for a mortgage.

• When instructing a conveyancer.

• When completing with your lender.

That’sfourseparate compliance checks, and potentiallyfourseparate fees.

The Open Moove solution: Compliance done once, shared securely

By completing yourgold standard biometric compliance checkin the Open Moove app (powered byCredas, the UK’s leading compliance provider), you:

✔Only pay onceinstead of up to four times.

✔Complete the check in minutesvia your phone.

✔Share your compliance check securelywith your mooving team

✔Speed up your transactionby avoiding unnecessary delays.

✔Trusted provider- Credas handled52%of all UK due diligence checks in 2024.

Is my personal information safe?

Absolutely. Credas usesbank-grade encryption and biometric security, ensuring your data is protected at the highest level. Your compliance check is only sharedwith your permissionand is never stored by your mooving team longer than legally necessary.

What Open Moove suggests next:

• Complete your compliance check in the Open Moove app for aone-time paymentand save yourself time and hassle.

• We will share your verified check with your estate agent, mortgage broker, and conveyancer.

• Avoid unnecessary duplication and delays - get it done now and focus on moving forward!