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proof of funds closed accounts
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MarcoM
Posts: 802 Forumite
hello,
we will be buying a house cash and i will need to provide proof of funds to the solicitors.
some of the money comes from isa accounts whichi have shifted around between various providers over the years and i have only kept statements for the past twelve months. i cannot therefore prove the source of funds over more than a year.
may i ask what others on the forum had to provide and if they experienced similar problems?
regards
we will be buying a house cash and i will need to provide proof of funds to the solicitors.
some of the money comes from isa accounts whichi have shifted around between various providers over the years and i have only kept statements for the past twelve months. i cannot therefore prove the source of funds over more than a year.
may i ask what others on the forum had to provide and if they experienced similar problems?
regards
0
Comments
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Proof of funds or source of funds?
Surely you can prove you have it?0 -
Have the solicitors asked for statements that far back? Bit unusual to be looking back over a year. Anyway, if you need statements then the bank should be able to provide copies.0
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I don't think they'd ask for more than a year anyway.Know what you don't0
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They only wanted 6 month worth of statements for source of funds check in my case0
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We are waiting to exchange
It was rather more challenging for us:
The solicitors for our purchase wanted to see 3 years worth of bank statements. As the money had moved around quite a bit it took some sorting out!0 -
Bank can send statements of closed accounts 5 years after it was closed. Contact your bank0
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To put matters into perspective. How large is the deposit.0
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cash buy 400k0
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I've got this exact same issue. Not sure how I'm meant to prove it. I can't even remember half the accounts I've had over the past 10 years0
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