How do you prove that your cash is in equity?

Tancred

linthouse wrote: »

My sister put 30k into our mum's house to make life easier for her. She has now had to go into full time care so the house is being sold to pay for that. They didn't put it in writing other than bank records that the transactions were within seconds of each other - out of one account, into the other. The bank says that, after seven years, all records are wiped so the bank has no record of these transactions.

I know most people will think it's a goner, but I'm wondering if anyone actually knows of a way to access this information.

Bad, bad mistake! I don't think there is a proverbial cat in hell's chance your sister will get her money back. Why on earth did she do this? £30k is not small change.

Tancred

linthouse wrote: »

No offence taken. We've worked out that, bearing in mind the astronomical cost of care homes, the funds from the sale of the house will last less than five years. Then the state takes over in funding her care home costs, but my sister has lost her 30,000. It's looking bleak. Unless the bank has some obscure way of compressing data older than 7 years, the money might be a real goner.

Can your sister afford the loss? She will eventually get some of her money back when your mother dies, but she could lose thousands if all the house money is utilised for care. It's a question of seeing what happens.