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House deposit savings source of money -
homi
Posts: 201 Forumite
Got myself in a real muddle with my savings / house deposit account , was on top of everything until a few years ago and few family related issues to deal with .
My savings all over the place and the problem is that is a large amount which is over the 85k so cannot hold it one place .
I have
Natwest business account ( soletrader ) which I run my online store from where the vast majority of funds has come from which has a large sum sitting earning no interest .
Tescos Savings account with the majority of my money ( at the savings limit ) all which was transferred from my natwest sole trader account to earn some interest ( .71%) .
I have two cash isas ( natwest and coventry building society ) with around 20k in each .
Lloyds bank which i use for most daily things like shopping .
Chase account ( opened a couple of days ago ) which I wish to load up to the max .
90% of the funds is from my natwest sole trader / business account but my concern is that when I come to finally ( if ever ) put a deposit down there wont be any questions to where the money has come from and why it was transffered .
Is there any surefire way of keeping track of the transactions ,or will the statements be enough .
Any help would be appreciated .
The majority of the money can be traced back to a natwest account which was opened around 7 years ago , it still have a large sum earning no interest ( .10% ) which I want to transfer into chase , life and worry has got in the way of buying a property but dont want to keep chasing higher interest rates in case it costs me in the long run .
Any ideas on the best course of action .
Is there anyway of keeping a track which will be good enough for the mortgage company to prove where the money has come from .
0
Comments
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There's no need to hold it all in one place, mortgage lenders and solicitors etc are capable of adding things up!0
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