Selling property whilst abroad

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  • 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
    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.

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    • #3
      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.

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      • #4
        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.

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        • #5
          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.

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          • #6
            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

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            • #7
              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.

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              • #8
                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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