Estate agents ‘beware’ as Source Of Funds checks become harsher - The Negotiator News
- oliviaholmes7
- 15 minutes ago
- 1 min read
Why Source of Funds Is No Longer “Just a Conveyancer’s Problem”
The property market is changing fast, and one issue is quietly creating more fall-throughs, more delays, and more compliance headaches than many agents realise.
Our Managing Director, Matt Gillies, recently wrote a blog for 'The Negotiator' to highlight a growing issue that agents can no longer afford to overlook: Source of Funds checks have become significantly harder, and estate agents sit close to the frontline.
The Growing Problem of “Polluted” Savings
If you think SOF is something that only causes problems later in the transaction… this article may change your mind.
Matt shares what we are seeing on the ground every day and why so many perfectly good buyers are finding themselves stuck, questioned, or even blocked before their purchase can get going. More importantly, he explains what agents can do right now to stay ahead of regulators, reduce fall-throughs, and protect their pipelines.
If you want to understand:
Why SOF checks are suddenly so much tougher
The hidden pitfalls catching buyers out
What proactive agents are doing to prevent deals collapsing
And how small early steps can save weeks of stress later
…then Matt’s article is well worth a read.
For agencies looking to get ahead of this growing issue and support clients before problems arise, the RG Law team is here to help. Let’s keep your transactions moving, not stalling.
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