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Proof of monies
Comments
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We were asked separately for statements from our savings accounts by our mortgage provider and solicitors. It might be that seeing the self employment accounts was enough for the mortgage lender, but the solicitor needs to satisfy the anti money laundering requirements by tracing the cash deposits.Savings target: £25000/£25000
:beer: :T
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Bank has never asked to prove every penny. They saw the savings account, saw both salary income accounts and that was enough for them to approve. We are borrowing more than 300k so you'd think bank wouldn't be able to lend us such sum if they thought we're laundering money.0
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Bank has never asked to prove every penny. They saw the savings account, saw both salary income accounts and that was enough for them to approve. We are borrowing more than 300k so you'd think bank wouldn't be able to lend us such sum if they thought we're laundering money.
The solicitor is acting on your lenders behalf.
Rather than continually pushing back just ask them what they require and provide it.0 -
I'm not the sort to try anything dodgy but it could've been easier to give the cash sums to a relative then ask them to write you a cheque along with a letter stating that it's a gift.0
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I'm not the sort to try anything dodgy but it could've been easier to give the cash sums to a relative then ask them to write you a cheque along with a letter stating that it's a gift.
That just makes it even more complex - the solicitors will still need to see a paper trail evidencing where the funds ultimately came from.0 -
Good grief - this thread is like a throw back to the 1950s :eek:0
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That just makes it even more complex - the solicitors will still need to see a paper trail evidencing where the funds ultimately came from.
Dunno. When I moved a couple of years ago My dad gifted us £10k from his savings and wrote a letter to that effect. That was enough to satisfy everyone, they never asked where he had got the money from.0
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