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Sep, 2014

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  1. #1
    Join Date
    Jul 2008
    Location
    London
    Posts
    7

    Default Selling property whilst abroad

    Hi All

    We are currently living abroad (for a few years) and have decided we`d like to sell our let property back home to free up some savings.
    Can anyone give us some idea of the implications of doing this whilst abroad. I`m assuming everything can be done apart from the signing of contracts that would need to be posted out to us? or am I forgetting something.

    Thanks in advance

    P

  2. #2
    Join Date
    Jun 2008
    Location
    Andalucía
    Posts
    9,558

    Default

    You can appoint your lawyer to be your attorney. You can either give him a general power or restrict it to signing all the documents needed to sell a specific property.

  3. #3
    Join Date
    Jan 2011
    Posts
    698

    Default

    I have bought 2 flats whilst living abroad with no problems. I have yet to meet my solictor! Everything is done via e-mail and telephone and the only thing that you have to personally sign is the stamp duty form from Land Registry which was posted to us. This however would not apply to you. Your solicitor can sign the rest on your behalf.

  4. #4
    Join Date
    Jun 2008
    Location
    Andalucía
    Posts
    9,558

    Default

    Quote Originally Posted by bbva View Post
    I have yet to meet my solicitor!
    I think that could be a breach of the Law Society's guidance on money laundering.

  5. #5
    Join Date
    Jan 2011
    Posts
    698

    Default

    Quote Originally Posted by Lawcruncher View Post
    I think that could be a breach of the Law Society's guidance on money laundering.
    He would have insisted on meeting me if that was the case.

  6. #6
    Join Date
    Jun 2008
    Location
    Andalucía
    Posts
    9,558

    Default

    Quote Originally Posted by bbva View Post
    He would have insisted on meeting me if that was the case.
    I shall leave you to read the regulations here

  7. #7
    Join Date
    Jan 2011
    Posts
    698

    Default

    I have read through the regulations and there is a section on enhanced due diligence with non face-to-face clients 4.9.1. No where does it state that you have to meet all your clients.

  8. #8
    Join Date
    Jun 2008
    Location
    Andalucía
    Posts
    9,558

    Default

    Quote Originally Posted by bbva View Post
    I have read through the regulations and there is a section on enhanced due diligence with non face-to-face clients 4.9.1. No where does it state that you have to meet all your clients.
    That's all right then.

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