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Acceptable evidence of gifted deposit from recent house sale
Smedders11
Posts: 127 Forumite
Hi,
Our solicitor needs proof of our deposit. The source of the deposit is from my wife's grandparents recent house sale, and the solicitors documents don't clarify what we need to provide to prove this. We're buying from a developer who are being very strict in the exchange time (28 days ideally!!), and we can't contact our solicitor until next week, at which point we'd like to have everything gathered so we can go straight into searches.
The grandparents completed on Wednesday and got the funds the same day, so a bank statement may not be ideal (or even available in the timeframe we need). Any suggestions of stuff we can take in that might be acceptable? FTB, so not sure on what documents they will have, but surely there will be something suitable?
As an aside: does anyone have any experience buying par exchanges from developers? We're buying from Harron Homes, and we've managed to get some kind of assurance that the expected exchange is six weeks (still tight!), and if we can provide proof of progress they won't suddenly withdraw. Can anyone provide an comparable experiences about developers not dropping a sale simply because it ran over the expected time?
Thanks
Our solicitor needs proof of our deposit. The source of the deposit is from my wife's grandparents recent house sale, and the solicitors documents don't clarify what we need to provide to prove this. We're buying from a developer who are being very strict in the exchange time (28 days ideally!!), and we can't contact our solicitor until next week, at which point we'd like to have everything gathered so we can go straight into searches.
The grandparents completed on Wednesday and got the funds the same day, so a bank statement may not be ideal (or even available in the timeframe we need). Any suggestions of stuff we can take in that might be acceptable? FTB, so not sure on what documents they will have, but surely there will be something suitable?
As an aside: does anyone have any experience buying par exchanges from developers? We're buying from Harron Homes, and we've managed to get some kind of assurance that the expected exchange is six weeks (still tight!), and if we can provide proof of progress they won't suddenly withdraw. Can anyone provide an comparable experiences about developers not dropping a sale simply because it ran over the expected time?
Thanks
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