Book a Property Valuation

Registration & Money Laundering Regulations

blog cover image

Registration & Money Laundering Regulations

The Auction Day TPPUK 3rd July 2017

All potential buyers are required to register their details before bidding. At registration you will need to provide the full names and address of the buyer for auction contract purposes, the bidders’ details (if these are different from the named buyer) and the solicitor/ legal representative who will be acting on your behalf.  You will also need to PROVE your method of payment of the deposit / administration fee and that you have the necessary proof of identity to comply with Money Laundering Regulations.

Registration usually takes place adjacent to the auction room where you will be allocated a personal bidding number, which will enable you to bid. There is no charge for registration. The auctioneer reserves the right to refuse a bid where registration has not taken place and to offer the lot to the under bidder.  You are also advised to read the notice on auction deposits and proof of identity notice within this catalogue.

Proof Of Identity

In compliance with the Money Laundering Act all successful bidders are required to provide photographic identification and proof of address when signing the memorandum of sale.  In ALL cases, buyers must present the following documents:-

Photographic identity document such as a current passport or UK driving licence

AND

An original utility bill, building society or bank statement, credit card statement or any other form of identity document (excluding mobile phone bills) that has been issued within the last three months and that provides evidence of residency at the correspondence address.

If the bidder is acting on behalf of another party, they will be required to provide the documents detailed above for both themselves AND for the named buyer for whom they act, as well as providing a valid letter of authority from the buyer authorising them to bid on their behalf. If the bidder is acting on behalf of a company, the above documents will still be required, together with written authority from the company.

If you require further advice then please contact us on North Wales 01248 75 39 39 northwales@allwalesauction.com 

Who We Are

Williams & Goodwin The Property People are members of the Guild of Property Professionals, National Association of Estate Agents, Association of Residential Lettings Agents, National Association of Valuers and Auctioneers and are Chartered Valuation Surveyors we are members of a National Network of approximately 800 independently owned and operated Estate Agents.

More about Us






This website was translated by Bla Translation Ltd
mail@bla-translation.co.uk
www.bla-translation.co.uk

Get in Touch

Do you want to find out more about Williams & Goodwin and their services, call or email us today.

Caernarfon - 01286 677 775
Bangor - 01248 355 333
Llangefni - 01248 751 000
Holyhead - 01407 760 500
Property Management - 01248 72 40 40
All Wales Auction - 01248 75 39 39

Click here to see full office details


©2018 Williams & Goodwin The Property People. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy | Members Login
Registered in England & Wales. 

Check mortgage eligibility online