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Unit - Conveyancing
You act for Jean Martinez in connection with her purchase of 52 Toffee Lane, Southampton for £285,000. This is a brand new property which has been built in the plot adjoining the seller's main residence. She is selling her leasehold flat for £199,950. She has an existing mortgage and will be porting this to the new property.
a) Write a paragraph to be included in the client care letter, to the client with information on what checks you will conduct for anti money laundering.
b) Jean informs you that her parents have given her £15,000 towards the purchase. Discuss what procedures you will need to follow as a result of this information.
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