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Gifting money towards a house purchase

GaiatheImmortal
Posts: 1 Newbie
My sister is buying a house for £40K. Cash purchase. She is short of £2K. I have £6K in my bank account which was part of my retirement money. I retired six years ago. However the solicitor has said my sister cannot accept this unless I prove where my money came from. I contacted my pension provider but their answer didn’t really help me. Do I really need to prove where my money came from? I receive £10K a year from my pensions so I am hardly money laundering.
My sister asked for a bank loan which she got, found out she could not use it to buy a house so returned it. The solicitor is asking for a paper trail for all her money. Any suggestions for raising the £2K?
My sister asked for a bank loan which she got, found out she could not use it to buy a house so returned it. The solicitor is asking for a paper trail for all her money. Any suggestions for raising the £2K?
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Comments
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I think a few months bank statements showing that you get income from a pension is sufficient.1
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The solicitor can send you a template letter confirming it's a gift and comes from a legitimate source. You can take this, along with a) a photocopy of your passport or driving license and b) proof of address such as a bank statement to a post office. Ask them to certify the ID and to witness you signing the letter (about £14)
You can then send these certified docs to the solicitor, with a bank statement (showing your incoming payments).1
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