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Proof of deposit
CharleyCheese
Posts: 15 Forumite
Hi all
Sorry if this has been covered before but I hadn't seen it.
If I am asked to provide proof of deposit to a mortgage lender, do they just require bank statements showing the deposit itself or does this need to include all the associated fees such as stamp duty, solicitors fees etc?
I'm a bit confused and have savings spread over a few accounts and an ISA so am not sure how many statements to provide the mortgage lender?
Thanks in advance for any help.
Sorry if this has been covered before but I hadn't seen it.
If I am asked to provide proof of deposit to a mortgage lender, do they just require bank statements showing the deposit itself or does this need to include all the associated fees such as stamp duty, solicitors fees etc?
I'm a bit confused and have savings spread over a few accounts and an ISA so am not sure how many statements to provide the mortgage lender?
Thanks in advance for any help.
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Comments
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We just had to prove to our mortgage broker where our deposit was coming from and the associated savings account showing the full amount.
Have never had to show where our fees are coming from (and we now have a full mortgage offer).0 -
provide evidence to cover deposit and all associated purchase costs including solicitors fees and stamp duty land taxI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Thanks all.
Some of the monies I am using towards stamp duty are currently held in a share save scheme via work which I was not intending on dis investing until nearer completion time.
Would an up to date statement of the value together with evidence of regular contributions be sufficient for this account?
The rest of the money is in standard ISA/Savings accounts so not a problem.0 -
That should suffice. You'll have statements on your sharesave, and you may also be able to print an up to date balance on line.So many glitches, so little time...0
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You need a gifted deposit letter from the donor.
If you PM me your email address, I'll email you a template.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Hi kingstreet, thanks, how do I PM, e-mail address? never done it before.kingstreet wrote: »You need a gifted deposit letter from the donor.
If you PM me your email address, I'll email you a template.0 -
Just sent it, hope I,ve done it correct.:beer:kingstreet wrote: »You need a gifted deposit letter from the donor.
If you PM me your email address, I'll email you a template.0
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