Letting and property management agents in the private rented sector who hold client money are required by law to belong to a government-approved CMP scheme by 1 April 2019. This is designed to prevent tenants and landlords being left out of pocket where an agent unexpectedly goes bust or absconds with their money.
As part of their membership of a recognised scheme, agents must also;
Pam Estates Ltd is registered with the UKALA Client Money Protection scheme and the membership certificate is available on the website.
SCHEME MEMBERSHIP UKALA Total Loss Client Money Protection for Landlords and Tenants UKALA NO: 150539
As with all Estate Agents, Pam Estates Ltd is regulated by HMRC and subject to the Money Laundering Regulations 2017 and Criminal Finances 2017. This means that we must obtain and hold identification and proof of address for all customers, sellers, purchasers, and beneficial owners on whose behalf the transaction or activity is taking place.
Where appropriate, the source or destination of funds may also be requested. Without this information we will be unable to proceed with any work on your behalf.
Below is a list of acceptable identity documents. We require sight of all original or certified documents. Subject to your individual circumstances.
Pam Estates Ltd requires one document from List A (Proof of Identity) and one document from List B (Proof of Address).
Must be valid, not expired. Photo only. Full or provisional.
Dated with 3 months. Must include account number and show recent activity.
Dated within 12 months. Must show account number.
Dated within 3 months E.g. Gas, electricity, water. Must show address for service and/or account number.
Dated within 3 months Landline Must show address.
Dated within the current financial year. Must show address.
Dated with 12 months. Must state full name and full property address. Issued by local council, housing association, solicitor or reputable letting agent.
Dated within 12 months. Issued by DWP or Jobcentre plus. Must confirm benefit payable at time of issue. E.g. Pension, disability, single parent, housing etc.
Dated with 3 months. Must state national insurance number and tax calculation.
Dated within 12 months. Must state insured address or registered address for vehicle and policy number.
Dated with 3 months. Must state full name of new proprietor and full property address.
Dated within 3 months. Must state individual’s date of birth and NHS number.
Dated within 12 months. Must state full name and full address.
Dated within 12 months. Must state the full residential address of the individual.
Executor/Probate/Power of Attorney (POA)
If you are acting as a Representative of an Estate, we require the following:
If you are acting as a Representative of a?UK?Company, we require the following:
If you are acting as a Representative of an?Offshore?Company, we require the following:
If you are acting as a Representative of a Trust we require the following:
To find out more about estate agents and our AML requirements go to: