British property

1. Do overseas Chinese need to show relevant documents to prove the source of property when buying a house in the UK?

This is necessary. British real estate developers admit that in Britain, all licensed lawyers must ensure that their clients do not buy or buy British real estate through illegal money laundering activities, so they must "know their clients", ensure the legal status of private buyers, and review their articles of association and operating conditions. Private buyers also need to show a bank statement with a residential address.

2. Do I need a British bank account to buy a property in the UK?

If you buy real estate in cash, you don't need it. Only when buying a house with a mortgage loan, the buyer needs to have a British bank account.