proof of deposit

bassa1980

What is acceptable documentation to send? Just a bank statement?
Thanks in advance

holly_hobby

Generally yes - but the Solicitor may request other supplementary documentation to satisfy both this and money laundering regs.

Hope this helps

Holly x

bassa1980

Thanks very much

peytonx

NatWest accepted a screen shot of the balance online.

As it was a ISA account I had not statement with that balance and no facility to print a statement online. I was quite shocked they accepted it.

Bartosz

Hello.
I had to send a proof of 60K deposit. Ovcourse as being money savy person all funds were located in various places like ISA, 3 x lloyds vantage current accounts, halifax online saver etc. in mine and my fiancee names. Had to produce a letter stating all accounts and balances plus summary for each person and then all together.
there was like 9 or 10 accounts with statements. It was accepted no problem.

amnblog

Not quite that simple.

If your bank statements shows the balance today but also indicates a recent large transfer in, the source of that transfer will also be questioned.

For example, if Dad gave you £10,000 last month and those funds are now in your bank account, the lender will require a gift letter.

bassa1980

I am self employed, and due a large payment from a client. Obviosuly being a sole trader I have various payments from several clients. Thinking this should be ok, to show a balance. The client would be more than happy to prove this is legit

Thrugelmir

bassa1980 wrote: »

I am self employed, and due a large payment from a client. Obviosuly being a sole trader I have various payments from several clients. Thinking this should be ok, to show a balance. The client would be more than happy to prove this is legit

Don't you maintain a separate bank account for business rather personal transactions?

amnblog

I did say it wasn't that simple and there is your 'curve ball'.

Withdrawing your deposit from your business is often a problem for lenders.

Get some advice on this one.

bassa1980

Thrugelmir wrote: »

Don't you maintain a separate bank account for business rather personal transactions?

Yes of course, any business payments go into my business account, meaning it will be obvious that the money has come in and is legit.
My money goes into my business account, then I transfer 'my' money to my own account

bassa1980

amnblog wrote: »

I did say it wasn't that simple and there is your 'curve ball'.

Withdrawing your deposit from your business is often a problem for lenders.

Get some advice on this one.

As a sole trader, I pay myself a percentage of my turnover, and my deposit is from this sum. Surely they will see that?