Gifted deposit

Daniellewilson1987

Ah well. Thanks everyone, hopefully it's not the most uncommon thing solicitors have dealt with before. Guess I will just have to wait and see and hope for the best 

HopeAndDriftWood

I had to do this recently - I had to submit statements for the original account that the transfer came from, and then more accounts for where it'd been saved before I moved it to my "main" account, if you see what I mean.

It went fine, though.

eddddy

Daniellewilson1987 said:

Ah well. Thanks everyone, hopefully it's not the most uncommon thing solicitors have dealt with before. Guess I will just have to wait and see and hope for the best 

It might be best to ask the solicitor to deal with this situation first - before you progress with other stuff.

You don't want to pay for searches, surveys, mortgage application etc, and then have to back out and lose all that money because your partner can't pass the AML checks.

The_Real_Cheddar_Bob

Daniellewilson1987 said:

Thrugelmir said:

Daniellewilson1987 said:

Thanks. He is self employed so the income will have been declared over the years through HMRC, 

Then suddenly deposits a large sum of cash which has been accumulated over the past 10 years. 

I know that's how it looks, I don't think it could look more worse but it's all legitimate. 

Well legit it might be, however I would make an educated guess that your partner like most self employed people would have under declared income to the maximum he felt comfortable with. 

One has to ask, who uses cash in this era? 


anyway, regarding the house... start drip feeding the cash into the bank over a period of a least 6 months and then buy your house. Otherwise, prepare for questions you are unable to answer