Providing proof of deposit

Carl2510

How are you suppose to provide proof of deposit when it can go back years from when you are saving me and my partner are putting down a big deposit which she’s accumulated since she’s started work going back 5 years ago. And I’ve also been saving money from my wage and shares within the company but I left that company at least 2 years ago. How far back do they want us to go? to the exact point we started saving?

MovingForwards

3 or 6 months, sometimes 12.

shakAFC

I think just 3 months bank statements should be ok. That’s why my broker asked for and probably will be the same with solicitors.

Carl2510

shakAFC said:

I think just 3 months bank statements should be ok. That’s why my broker asked for and probably will be the same with solicitors.

What if that doesn’t show the amount you are giving? Does it not matter as long as it shows the money In there?

mortgagetakingages

They need to show a growth of savings. The whole thing is farcical but its a hoop to jump through. 

Carl2510

mortgagetakingages said:

They need to show a growth of savings. The whole thing is farcical but its a hoop to jump through. 

It’s more of an account I put money in but that can vary for months I can go without putting money in then I put a lump sum in.

bradders1983

Carl2510 said:

shakAFC said:

I think just 3 months bank statements should be ok. That’s why my broker asked for and probably will be the same with solicitors.

What if that doesn’t show the amount you are giving? Does it not matter as long as it shows the money In there?

Its a money laundering requirement. Just jump through the hoops like everyone else.

Carl2510

bradders1983 said:

Carl2510 said:

shakAFC said:

I think just 3 months bank statements should be ok. That’s why my broker asked for and probably will be the same with solicitors.

What if that doesn’t show the amount you are giving? Does it not matter as long as it shows the money In there?

Its a money laundering requirement. Just jump through the hoops like everyone else.

Yeah I get it has to be done just wondered how far back I’d need to go

bradders1983

You should have been told from the outset, mine asked for 3 months. 

Ask your solicitor.

Carl2510

bradders1983 said:

You should have been told from the outset, mine asked for 3 months. 

Ask your solicitor.

I have, just thought I’d ask on here while I wait, you know what Solicitor’s are like slow as hell these days at replying even with these portals!

bradders1983

i am surprised they didnt tbh, in the initial instruction letter from mine it was about 8 pages long and every detail was covered.