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Sale of a vehicle for mortgage deposit

Good evening all, we were hoping to have had saved our deposit by now but falling short circa £13k I’m forced to consider selling one of our vehicles. I am concerned though that out mortgage advisor or solicitor may be unhappy about the source of funds. Obviously I will be able to provide a bill of sale but can’t think of anything else I would be able to supply them to satisfy their enquiries, if any. What would our solicitors ask for as evidence of the source of funds? I can’t be expected to ask a potential buyer to supply a copy of their bank statement.

Comments

  • ACG
    ACG Posts: 24,253 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    It is what it is.
    There is not a lot you can do about it, so it is down to the broker to find a lender who will accept it and you to find a solicitor that will accept it.

    Personally, I do not think it will be a major problem.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Where do you intend marketing a car of that value to obtain a private sale?
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    WBAC , Evans Halshaw ?
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