Amalgamating my money to pay for a house

Pastyman_2

I am planning to buy a house as a cash buyer. The money is spread over dozens of accounts.
Has anyone any experience or advice on gathering it all together in preparation to pay?
I want to avoid any transfers being considered as suspicious activity.

davidmcn

No reason why transfers between accounts in your own name ought to be considered suspicious. Your solicitor will need a paper trail for the transfers and to evidence the source of funds (at least back three months or so).

AlexMac

No big deal; we did this ourselves before a purchase in 2014. After all, you'll need to do a bank transfer and the solicitor won't want to have to keep track of receipts from a dozen different places.
Unless of course you money is currently in the Don Corleone Bank of Sicily, the Pablo Escobar bank of Medellin-Bogota, the Al Capone Bank of Chicago and the Ronnie and Reggie Kray Building Society of Befnal Green...?

exiled_red

When my partner (now wife) and I bought our flat we transfered money from about 5 other accounts into our joint account before the transfer of the deposit to the solicitor, we just had to provide statements of all the accounts to show where the money caame from.