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 to four times with your estate agent, mortgage broker, conveyancer, and even your lender.
The good news? There’s a smarter way to handle compliance, and it starts with Open Moove.
What is a compliance check?
A compliance check is a legal requirement for all property transactions. It involves verifying your identity, address, and source of funds to 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 sale cannot legally progress.
The hidden problem: Doing this multiple times!
Most buyers and sellers don’t realise that different professionals in the property transaction don’t share compliance checks. This means you could be asked to provide the same information:
• When offering with an estate agent.
• When applying for a mortgage.
• When instructing a conveyancer.
• When completing with your lender.
That’s four separate compliance checks, and potentially four separate fees.
The Open Moove solution: Compliance done once, shared securely
By completing your gold standard biometric compliance check in the Open Moove app (powered by Credas, the UK’s leading compliance provider), you:
✔ Only pay once instead of up to four times.
✔ Complete the check in minutes via your phone.
✔ Share your compliance check securely with your mooving team
✔ Speed up your transaction by avoiding unnecessary delays.
✔ Trusted provider - Credas handled 52% of all UK due diligence checks in 2024.
Is my personal information safe?
Absolutely. Credas uses bank-grade encryption and biometric security, ensuring your data is protected at the highest level. Your compliance check is only shared with your permission and 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 a one-time payment and 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!
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