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Mortgage Deposit
KD1986
Posts: 1 Newbie
Hello,
I am in the process of trying to buy a property and the solicitors have asked for proof of savings/deposit.
The original money was given to me by my grandmother over 4 years ago and since then I have been transferring my own money in and out. Do I need to say that my grandmother gifted me the money or will the solicitors be satisfied with a bank statement showing 6 months worth of transactions?
... The amount is less than £6.5k - I thought that as it was less than £10k it would not be a problem?
Any help would be appreciated. Thanks
x
I am in the process of trying to buy a property and the solicitors have asked for proof of savings/deposit.
The original money was given to me by my grandmother over 4 years ago and since then I have been transferring my own money in and out. Do I need to say that my grandmother gifted me the money or will the solicitors be satisfied with a bank statement showing 6 months worth of transactions?
... The amount is less than £6.5k - I thought that as it was less than £10k it would not be a problem?
Any help would be appreciated. Thanks
x
0
Comments
-
Simply provide six months bank statements.
Otherwise we would all up having to keep photos of our Christmas money when we were 12 in case it has accidentally never been spent.I 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
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