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Solicitor requests 'Proof of funds'?
mikul182
Posts: 28 Forumite
I have recently agreed to buy a property, agreed the mortgage just few days ago.
The conveyancing side of things has started also. I received a letter this morning from my solicitors asking for 'proof of funds' via a bank statement. I obviously have access to provide a bank statement which provides proof of the funds for the deposit. is this all they require? or do they need proof of the agreed mortgage? If so, what documentation can I present at this stage?
Any advice is greatly appreciated.
The conveyancing side of things has started also. I received a letter this morning from my solicitors asking for 'proof of funds' via a bank statement. I obviously have access to provide a bank statement which provides proof of the funds for the deposit. is this all they require? or do they need proof of the agreed mortgage? If so, what documentation can I present at this stage?
Any advice is greatly appreciated.
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Comments
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Normally the mortgage lender will send a copy of the offer directly to your solicitors, so you won' need to send that. If they need anything further from you they'll ask.
At this stage what they need is proof of the deposit, so your bank statements should be fine.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0 -
Normally the mortgage lender will send a copy of the offer directly to your solicitors, so you won' need to send that. If they need anything further from you they'll ask.
At this stage what they need is proof of the deposit, so your bank statements should be fine.
Many Thanks for your reply.0 -
That you ask kinda begs the question - what is it you are worried about & where did the £££ in your bank account come from....0
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theartfullodger wrote: »That you ask kinda begs the question - what is it you are worried about & where did the £££ in your bank account come from....
Merely asking what documents the solicitor may require, hence the original post..0 -
Our solicitor asked for the same. We have the money in saving account so he wanted statements from this account.
Our bank provided that for the hole period since the account was created and issued a Statement for each year of saving with then.0 -
I obviously have access to provide a bank statement which provides proof of the funds for the deposit. is this all they require?
Depending on what the statement shows along with the sum of the deposit in question, further questions may arise. As the solicitor is the one that's ultimately accountable.0
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