Source of deposit help

dpenney22

Hi everyone,
I am a massive worrier as me and my partner very quickly decided to buy together as both our tenancies were coming to an end and the stamp duty reduction was in place so we are currently in the middle of our mortgage application. My concern is over deposit, it is a 5% deposit (using help to buy equity scheme) of 30k. We are splitting the deposit. My partner has regular saving accounts he transfers into monthly and has half the value of the deposit in this with the money going in so his is all fine.
I have money in 2 different fixed rate ISAs totalling more than the deposit, but I have not had any transactions in the past year. The only thing I have as proof is my passbook for one of the ISAs which shows a large amount going in 1 year ago from another ISA and then the other ISA which I could also use as proof but i dont have statements for with name and account number on (nationwide have been very unhelpful). I can definitely prove I have the funds but if they need source of where this came from, it's been years (since 18 and a money conscious father) of having say 5-10grand (from gifts or inheritance or bonus at work) then transferring between ISAs for the best rate and interest growing over time, but not from regulr payments from myself from a current account and income. I don't even know how to start to show proof of the money I begun the ISAs with because it is so many years ago. I am not sure what the solicitor will require, has anyone else been in a similar situation?? I need the property to go through ASAP due to moving out soon and just want to have everything I possibly can to make things go smoothly.  
Sorry for long post
Thanks

haras_n0sirrah

That should be fine
A passbook showing current balance plus something showing it has been there a while - that will do

dpenney22

haras_n0sirrah said:

That should be fine
A passbook showing current balance plus something showing it has been there a while - that will do

Thank you for your response. The passbook shows one year ago I opened the ISA, put in 20k, transferred from my own current account, and then I had transferred a large amount from another ISA, direct transfer, all I can get from that other ISA is my original investment in 2011 and the current balance left in it, would that show suffice for showing it has been there for a while ? Just in a different ISA? 

haras_n0sirrah

As a broker we would only look back 3 months so as long as it hasn't appeared in the last 3 months we would just want to see the original deposit in and an up to date balance. We wouldn't track it back further (as if you are laundering money it wouldn't have been sitting there for a year)
All we need to know is where it came from and that it is your money 

davidmcn

Everyone draws a line somewhere, otherwise we'd be tracing the source of funds back to the invention of money. If it's been in your account(s) for months then everyone will assume it is your money and not some very slow-moving money-laundering scheme.