This search is undertaken on behalf of the mortgage lender to ensure that the buyer has not been made bankrupt. Where there is more than one buyer, a search must be undertaken against each buyer’s full name.
In practice, the search result often reveals entries under names similar to buyer and in this circumstance, we will ask you to provide written confirmation that the entries do not relate to you before we will complete the transaction.
Please note that if you are a cash buyer, then this search does not need to be undertaken, nor is it required if you are selling a property.
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