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Home»Real estate»How to practically buy a cottage in Britain

How to practically buy a cottage in Britain

April 13, 2025

The investor’s “passport color” does not matter. The main thing is to have the necessary amount and not be under sanctions. And then there are two already proven schemes.

1. The transaction is supported by local British lawyers who are licensed and have professional liability insurance.

The main thing in this case is to confirm the source of funds and show their exclusively non-cash movement from account to account. If the money was cashed in the chain of transfers, it will not be possible to use the scheme.

The first £5 thousand are transferred to the developer’s bank account under the booking agreement and invoice. The remaining amount is transferred to the client account of the legal company (analogous to escrow) under the invoice and contract with lawyers.

The transaction period from booking to its completion is on average 30-45 days.

Expenses – £3 thousand, which are paid to British lawyers.

2. Transferring money from Russia to the developer’s account in Dubai (a Dubai legal entity) by issuing a manager’s check to the bearer. The source of the funds must also be shown.

Additional expenses: 2% for issuing a manager’s check and 2-3% for conversion (in this case, payment can initially be made in rubles). Income will be accrued on the full amount of expenses.

The transaction period is on average one to two weeks.

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