A bidder will need to complete an online verification form.
During this process the Purchaser will be asked to do Two Factor Authentication.
This will generate an email to the solicitor acting on behalf of the Purchaser.
Figure: The verification form to be filled in by the bidder
Figure: The email showing that a verification form has been completed
Figure: The Money Laundering Certificate sent to the solicitor
If the agent has opted for an additional form, specific to a property or a client, to form part of the verification process, this will also be distributed.
When the agent has completed the identity checks, the bidder will see this information displayed in their My Account page and at clicktopurchase®.
Download Money Laundering Certificate
Financial clearance
The agent may choose to undertake appropriate financial checks on the proposed Purchaser. This may involve obtaining accounts, references or requesting bank statements. When the agent is satisfied with the verification information supplied, you will see on screen that you are able to proceed.
The bidder is easily able to see the status of their verification and when cleared to submit an offer by clicktopurchase® (private treaty) or clicktopurchase® “best offers”.
Figure: Showing Bidder and their verified status
Initial Deposit Option
clicktopurchase® provides the agent with the option to ask a particular bidder to supply an Initial Deposit before being cleared to submit an offer. If the agent makes this selection, you will receive notification. The Bidder’s Initial Deposit is a payment to demonstrate commitment. It will count towards the purchase price should you be successful, or be returned in the event that the property is sold to another party.
Figure: Requesting the Bidder’s Initial Deposit
Figure: Showing what the bidder sees when an Initial Deposit is requested
