Purchase Instruction

Client Details

Applicant 1

Name(Required)

National Insurance Number*(Required)

Date of Birth*(Required)

Address Line 1*(Required)

Address Line 2

Town/City*(Required)

Postcode*(Required)

Telephone Number*(Required)

Additional Number

Email Address*(Required)

What is your occupation?

Are you a Politically Exposed Person (PEP)* or a known close associate or relative to a Politically Exposed Person?

(Please refer to the definition of a Politically Exposed Person* HERE )

Yes

Have you ever been insolvent?

Yes

How did you first hear about TV Edwards?

Is there a second applicant?

Yes

Applicant 2 (optional)

Name

National Insurance Number

Date of Birth

Address Line 1

Address Line 2

Town/City

Postcode

Telephone Number

Additional Number

Email Address

What is your occupation?

Are you a Politically Exposed Person (PEP)* or a known close associate or relative to a Politically Exposed Person?

(Please refer to the definition of a Politically Exposed Person* HERE )

Yes

Are you aware of being subject to any national or international sanctions (including financial sanctions) or watch-lists

Yes

Are you aware of being subject to any national or international sanctions (including financial sanctions) or watch-lists

Yes

Have you ever been insolvent?

Yes

How did you first hear about TV Edwards?

Details of Property to be Purchased

Address Line 1*(Required)

Address Line 2

Town/City*(Required)

Postcode*(Required)

Purchase Price*(Required)

Seller's Name*(Required)

Seller's Address*(Required)

Seller's Solicitor (if known)

Seller's Solicitor Address (if known)

Is your purchase dependent on an alternate property?*(Required)

Yes

Are you purchasing this property as a buy-to-let property?*(Required)

Yes

Will the purchase of the property result in you owning two or more properties?*(Required)

Yes

Will the property being purchased be your main residence?*(Required)

Yes

Is there a possibility that you may be regarded as a resident of a country outside the UK?*(Required)

If this is the case, we will provide further information.

Yes

Are you a first-time buyer?

Please note that if you previously disposed of a property more than 21 years ago you may still be classed as a first time buyer

Yes

Please confirm the following:

I/We have never bought a property.

I/We have never inherited a property.

I/We never been/are not a beneficiary of a trust that owns a property.

Deposit

Have you paid a preliminary deposit?(Required)

Yes

Amount paid

Please enter the amount paid on the deposit.

Mortgage

Are you taking a mortgage on this property?*(Required)

Yes

Name of mortgage lender(s) (Bank/Building Society)

Mortgage Lender Address (if known)

Amount of new mortgage advance

As part of transaction we may need to liaise with your lender with regards to the terms of the transaction (including where the terms of the transaction change) or otherwise and by signing this form you confirm your authorisation for us to do so without reverting to you for your further instruction in this regard.

Survey

We recommend that you have a structural survey carried out on the property

Do you intend to do this?*(Required)

Yes

If yes, with whom?

Others living in property

Will there be anybody living at the property with you who is not purchasing the property and who is over the age of seventeen?*(Required)

Yes

Please provide name(s)

Completion

Subject to circumstances permitting, what is the earliest approximate date that you would like this transaction to complete?

Identification

We are required by the Proceeds of Crime Act 2002 (POCA) to obtain identification from all clients.

Please send us with this form a copy of your passport or photo driving licence and bank statement or utility bill (not more than three months old) showing your current address. Please note that where you are purchasing with the assistance of a mortgage we will need to see original identification papers prior to completion so as to comply with the requirements of your mortgage lender.

Drop files here or

Max. file size: 512 MB.

Source of Funds and Wealth

It is a requirement of the Money Laundering Regulations that we investigate fully the origin of the funds which we accept into our firm’s account and the source of wealth. We appreciate that the process can seem intrusive but it is Law Society Regulations and we thank you in advance for your co-operation.

The large sums of money which are transferred in a transaction make up either the deposit, the balance required to complete or both and often originate from savings, a previous property sale or remortgage or a gift or loan from a third party.

Gifts

Please note that, if you are obtaining mortgage finance to assist with your purchase, a gift may affect your mortgage offer and you should seek financial advice from your financial advisor. In any event, if you are obtaining mortgage finance your lender must be notified and provide their consent to proceed on the basis of funds being provided by a third party (whether by gift or loan) and we will need this authority from your lender before proceeding to exchange.

Please complete questions below and provide the required supporting documents as evidence.

Check all sources of funding that apply

Savings

Third Party Gift

Inheritance

Sale of Property

Remortgage of Property

Other

Source Definitions

Check this to view source definitions

Source	Source Definition
Savings	If your funds are sourced by your own savings then please provide a copy of the bank statement for the account in which the funds are currently held. This should be as recent as possible and show the account over at least the last six months. Any large deposits into the account should be supported by bank statements for the account which they were transferred in from. If there are regular deposits over a period of time amounting to the balance then the copy of your statement for your savings account should suffice.
Third Party Gift	a. Gift or loan funds from parents or relatives require a copy of their statement of account (as per the savings section), along with your statement showing the transfer. b. They must provide certified photographic and address ID (less than three months old). c. If the funds are a gift, please ask the Donor(s) to complete the Gifted Deposit Declaration Form**.
Inheritance	If your funds are sourced from an inheritance then please provide evidence of the inherited funds, for example a copy of the Will and evidence in writing from the solicitors or administrators of the estate.
Sale of property	If the amount being transferred is from the sale of a property (not handled by us), please provide a completion statement from the solicitor who dealt with the transaction, or a covering letter on headed paper confirming the sale proceeds.
Remortgage of property	If the amount being transferred is from the remortgage of a property (not handled by us), please provide a completion statement from the solicitor or a covering letter on headed paper confirming the remortgage funds.
Other	If none of these examples apply, please provide further details of the source of your funds.

Savings Amount

Third Party Gift Amount

You can download our Gift Declaration Form and send it to your gifters HERE.

Inheritance Amount

Sale of Property Amount

Remortgage of Property Amount

Amount from other sources

Please provide further details of this source

Please confirm the average annual income for each purchaser

(Applicant 1)

Please confirm the average annual income for each purchaser

(Applicant 2 – optional)

Please upload all supporting documents here

Drop files here or

Max. file size: 512 MB.

Wills

We recommend that everyone should make a Will in order to ensure that they leave all their property and other assets to whomever they choose rather than relying on the rules of intestacy. If you have already made a Will we recommend that you should review it every five years. We are one of the first firms in the country to be awarded the prestigious Wills and Inheritance Quality Scheme by the Law Society.

Do you have a Will?

Yes

If yes, would you like us to arrange a review of your Will free of charge?

Yes

If no, would you like us to contact you to discuss making a Will?

Yes

Joint Tenancy or Tenancy in Common?

When property is owned by two or more people for their own benefit, it is expressed to be owned by them either as joint tenants or tenants in common. These are legal terms which may best be described as follows:

Joint tenancy

For practical purposes, this applies if it is intended you will each hold one equal share in the property. Under a joint tenancy, and upon the death of one of the co-owners, the deceased’s share will automatically and immediately pass to the surviving co-owner, irrespective of any direction in your will or under the terms of the deceased’s intestacy. If you wish your co-owner to receive the whole of the property upon your death then a joint tenancy should be utilised. Please note however that a joint tenancy can be severed at any time by either party so that the property is then held as tenants in common and unless a declaration of trust is prepared setting out each party’s entitlement to the equity there will be a starting presumption that each joint owner will be entitled to an equal share of the equity. If unequal contributions are being made to the purchase of the property it may be more appropriate for the property to be held as tenants in common (as to which please see below). Please also note that a bankruptcy order in relation to any of the joint owners will also sever the joint tenancy.

Tenancy in common

Upon the death of one of the co-owners the deceased’s share does not pass to the other surviving co-owner but remains part of the deceased’s estate and will pass as directed under any will as made by the deceased person or to his or her next of kin as appropriate under intestacy. Under a tenancy in common, the property can be held by you in unequal shares and may therefore reflect the percentages to which you will each be entitled from any future sales of the property. If the property is to be held in unequal shares each party’s entitlement to the equity can be recorded either in the transfer document or in a separate declaration of trust. Such a declaration is useful evidence as to the intention of the parties where unequal contributions are made. This may be useful in the future in the unfortunate event of a dispute as to entitlement (e.g. in the event of the relationship of the joint owners breaking down) or in the event of a third party (e.g a creditor or trustee in bankruptcy) seeking to establish the entitlement of a joint owner. If you require any further advice in this regard please let me know If a tenancy in common is to be used then the owners must consider making a will. Please also note that if co-owners subsequently marry then their shares in the property may subsequently be varied by a divorce court in any event.

Independent Legal Advice

We cannot advise you how to jointly own the property as this is your decision. In circumstances where you are not equally contributing towards the purchase price of the property, we strongly recommend that you each take independent legal advice.

Action required by you

We require:

The property to be held as joint tenants

The property to be held as tenants in common

Further advice before we make any decision

Please denote how the shares will be split

If you require us to draft a Declaration of Trust, please let us know at least 4 weeks in advance of your proposed completion date so that there is sufficient time. Please note that there will be an additional fee for a Declaration of Trust. If you require us to draft a Declaration of Trust, please let us know at least 4 weeks in advance of your proposed completion date so that there is sufficient time. Please note that there will be an additional fee for a Declaration of Trust.

Cyber Crime

Please remember that criminals target parties to property transactions and use email and telephone to persuade them to transfer money to their accounts. Be alert, contact us if you have any suspicions and read our cybercrime and fraud warning at https://tvedwards.com/cybercrimeandfraudwarning/.

I/we understand the information contained in this form and I/we hereby confirm instructions for you to act on my/our behalf in connection with my/our proposed purchase. You have our authority to file the signed Stamp Duty Land Tax Form.

Confirmation and Electronic Signature(s)

REQUIRED: Please agree to both conditions to continue.

Signed*(Required)

Date*(Required)

Signed*(Required)

Date*(Required)

I ENCLOSE THE SUM OF £500.00 ON ACCOUNT OF COSTS.

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