We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Purchase completed a month ago - now solicitor wants proof of funds retrospectively

Ed-1
Ed-1 Posts: 3,996 Forumite
Part of the Furniture 1,000 Posts Name Dropper
in House buying, renting & selling
Is there a time by which solicitor must obtain proof of funds for a property purchase?

We completed a month ago. Now the solicitor is saying they need proof of funds in order to complete Land Registry registration.

Is the solicitor in the right to request proof of funds after the purchase has completed and do I have to provide this now?
«1

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What's your objection to doing so.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Why would this even be an issue?


    This is your solicitor, who acts on your behalf.
  • Ed-1
    Ed-1 Posts: 3,996 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Comms69 wrote: »
    Why would this even be an issue?


    This is your solicitor, who acts on your behalf.

    Multiple bank account interest merry-go-round is the "issue" to prove source.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Ed-1 wrote: »
    Multiple bank account interest merry-go-round is the "issue" to prove source.



    That's not an issue.


    You just provide copies of the account statements - showing money in and out.
  • Ed-1
    Ed-1 Posts: 3,996 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Comms69 wrote: »
    That's not an issue.


    You just provide copies of the account statements - showing money in and out.

    But we're talking years of this and several closed accounts and transferred ISAs...
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ed-1 wrote: »
    But we're talking years of this and several closed accounts and transferred ISAs...
    Well, you ought to have gone through this before completion anyway. So the solicitor isn't asking you to do something additional to the norm, just late. But are they really asking you to go back "years"? "Months" is more common.
  • SG27
    SG27 Posts: 2,773 Forumite
    I would be annoyed by this. Its something that should have been beforehand. I wonder what would happened if you just ignored it?
  • Ed-1
    Ed-1 Posts: 3,996 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    SG27 wrote: »
    I would be annoyed by this. Its something that should have been beforehand. I wonder what would happened if you just ignored it?

    To complete Land Registry registration does the solicitor have to do it or can you do it yourself?
  • AlexMac
    AlexMac Posts: 3,066 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    This thread reminds me of a friend who, when selling a house in SE London in the mid 1980's, was advised by her solicitor to refuse an offer from a local "cash-buyer", even in the days before today's OTT money-laundering checks.

    And by "cash" he meant just that; a carrier bag full of the folding stuff!

    She's always thought he was hookey; partly because of his wife's choice of names for their two big dogs; "Brinks" and "Mat"

    For those of you too young to recall; google the dogs' names; November 1983... Heathrow airport!
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ed-1 wrote: »
    To complete Land Registry registration does the solicitor have to do it or can you do it yourself?
    If a cash purchase you can do it yourself. If you bought with a mortgage then the solicitor will have to register your title anyway to get the mortgage registered.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture