July Tip of the Month

Buyers Advocacy Tip of the Month: Be Prepared for the New Property Verification Requirements

From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) requirements mean that identity verification and customer due diligence will become a standard part of many property transactions. While these additional checks are designed to improve security and transparency across the property market, being prepared can help make your buying journey much smoother.

If you're planning to purchase a property, have your identification documents ready before you begin making offers. Responding promptly to any verification requests from your Buyers Advocate, agent or conveyancer can help prevent unnecessary delays, particularly when timing is critical in a competitive negotiation or before contracts are exchanged.

Working with a Buyers Advocate also means you'll have someone to guide you through these new requirements while keeping your property search on track. By understanding what's required early and ensuring your documentation is in order, you can focus on finding the right property with confidence, knowing the administrative side of the process won't slow you down.