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Solicitor Bank statement for mortgage & thirft contribution.
Comments
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No-one said it was money laundering, the point was that as your payment came from multiple people then it will be a nightmare going through the money laundering checks; I can see plenty of banks declining to loan because it’s so unusual and difficult to deal with.
May I ask, what was the reason behind it? I can’t see how the economics make sense. Is it because it’s like a lottery to some extent, as you have a chance of it paying out early?
I’ll stick with my tontine, I think, I’ve a feeling I’ll be doing very well out of that one...0 -
Most of these schemes are usually small amounts so to have one at £500 per month earning zero interest seems bonkers. As said above it's going to be an administrative nightmare.0
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