URGENT - Mortgage Application - Baby sitting money considered money laundering?

Legacy_user

Hi

My partner and I are currently in the process of buying our first home and we are submitting our bank statements to the Solictor this weekend. The solcitor advised they check for anything that appears to be money laundering etc.

We both work full time and have correctly declared our income for our employment.

However, my partner just this weekend did some baby sitting for two people both parents paid via bank transfer to the total of £100. These were both a one off baby sitting. My question is will this affect our Mortgage application as these now show on the bank statement, and do we need to register her as self employed to declare this as taxable income as she already has a job and pays tax.

Appreciate a response ASAP. Many thanks in advance.

lewis_hardwick

I doubt they'd even query it.

D.L

Not a chance.

[Deleted User]

The title of the post was a lot more interesting than the actual question.

It won't even come up. My mate transferred me money for lunch the other day. We aren't laundering money.

If there was a £5k deposit from a random unconnected person then expect questions. Not for thud though

ACG

Deleted_User wrote: »

The title of the post was a lot more interesting than the actual question.

Yup.


It is not money laundering, people dont launder £100.
I wonder if it is a form of tax evasion if not declared? I am not sure where it would fall. In any event, that would not need to be declared until after April next year anyway.