buying a house? (sarafi uk sarafi manchester صرافی در منچستر)

Buying Property in the UK as an Iranian

Due to increasing sanctions and FATF; deposits sourced from Iran are generally not accepted or approved by majority of lenders and solicitors and its best to seek advice before making any major financial decisions as it may result in financial loss- updated on May/26/2023

When looking to buy property in the UK it is common that you are required to produce evidence of funds before an estate agent’s seller can even seriously consider accepting an offer. This could be inheritance from a relative or even the sale of property or land in Iran. Both of course would be documented as to the source of funds and would be genuine reasons for receiving money from Iran. 

For Iranians, there is (1) the erroneous perception of sanctions violation / potential money laundering stigma, (2) the absence of any direct banking relationship and (3) (the final nail in the coffin) the extreme currency fluctuation.  Therefore, sellers usually cannot treat Iranian buyers seriously. As a result, Iranian buyers are in a sense inadvertently discriminated against and often find themselves gazumped / losing a property to another buyer of a different nationality with perhaps even a lower offer.  The next problem for Iranians is finding a firm of solicitors who understand the situation and carry out their due diligence correctly rather than simply refusing to deal with a transaction because the source of funds is from Iran. Sadly, this is the reality facing many Iranians in the UK’s Iranian community.

So how do I transfer money from Iran to the UK? 

Transferring money from Iran to the UK has never been illegal or prohibited. You must simply find an FCA regulated money exchange and provide (1) proof of source of the IRR funds from Iran and (2) the GBP funds in the UK that are sent to your bank account. The reason is to ensure that the source of funds have not come from the proceeds of crime (Money Laundering).

source:  oliverfisher.co.uk

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