Why Do I Need to Provide ID?
Solicitors, banks, building societies and mortgage brokers are legally required to obtain satisfactory evidence of the identity of their clients. This is to ensure that they meet all fraud or money laundering regulations.
Given the size of the purchase, and the two third parties involved parties may well be mostly unacquainted with one another, stringent steps are taken to ensure that fraud or money laundering does not occur. Providing ID is the surest way to confirm identity and therefore paramount during a property transaction.