Proof of Funds - old savings. Is PoF a system that Martin needs to look at.

monkey-fingers

So the thread started off as a rant where he thinks that Martin should spend his thinly-spread time getting the law changed for frankly what is a theoretical situation that no-one even believes exists.

I certainly don't.

The OP doesn't actually appear to be admitting that this is stopping them actually buying a house - because if it did, they would be doing something a bit more serious (and perhaps using a solicitor "down south" if they think they'd take it).

I'm actually surprised we don't have solicitors on this forum.

jnorth55

monkey-fingers said:

So the thread started off as a rant where he thinks that Martin should spend his thinly-spread time getting the law changed for frankly what is a theoretical situation that no-one even believes exists.

I certainly don't.

The OP doesn't actually appear to be admitting that this is stopping them actually buying a house - because if it did, they would be doing something a bit more serious (and perhaps using a solicitor "down south" if they think they'd take it).

I'm actually surprised we don't have solicitors on this forum.

No, I didn't say that & I have no idea why you think anyone would invent this situation. It has caused all kinds of stress. Of course it's impacting my ability to purchase a property, which is obvious from the initial post. 

I know, from your attitude, that you don't mind what effect your comments have, but you have no idea of what people are going through & saying they aren't doing something more serious is dumb. As others have said, all I can do is keep trying other solicitors. 

jnorth55

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

You should have! a statement printed out is not accepted for most proof systems. Think about it. If the AML checks are there to weed out ML's why would any solicitor think a statement printed out by the client is valid. 

EssexHebridean

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

Yes - correct, we did exactly that for our mortgage lender when we purchased, they were very clear that as long as the statements have come from the bank, and have the certification to confirm that, they are acceptable. At the point where most people's banking went digital something had to be put in place to deal with that issue, understandably so. 

Chief_of_Staffy

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

You should have! a statement printed out is not accepted for any form of identification or proof based process. Think about it. If the AML checks are there to weed out ML's why would any solicitor think a statement printed out by the client is valid.

All mine were printed. I downloaded PDF statements from my banks and printed them on my trusty 20 year old Brother B&W printer. Stapled them and handed them over.

noitsnotme

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

You should have! a statement printed out is not accepted for any form of identification or proof based process. Think about it. If the AML checks are there to weed out ML's why would any solicitor think a statement printed out by the client is valid.

No problems whatsoever, including as I said with a solicitor.  It's a certified statement that looks no different to a statement that the bank sends you in a post.  I've also printed out statements from traditional banks such as Barclays and used those when needed - no problems at all.  These are "statements", not just a list of transactions.  I don't know what's so difficult about it.  Most of the world has evolved with modern banking and apps, including solicitors and authorities that I have dealt with.

jnorth55

Chief_of_Staffy said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

You should have! a statement printed out is not accepted for any form of identification or proof based process. Think about it. If the AML checks are there to weed out ML's why would any solicitor think a statement printed out by the client is valid.

All mine were printed. I downloaded PDF statements from my banks and printed them on my trusty 20 year old Brother B&W printer. Stapled them and handed them over.

This does rather indicate that the system isn't fit for purpose on another issue then, as if the client can print off the statements & there isn't any corroboration process then they could easily be altered. 

jnorth55

EssexHebridean said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

Yes - correct, we did exactly that for our mortgage lender when we purchased, they were very clear that as long as the statements have come from the bank, and have the certification to confirm that, they are acceptable. At the point where most people's banking went digital something had to be put in place to deal with that issue, understandably so. 

What 'certification' are you talking about? 

noitsnotme

jnorth55 said:

Chief_of_Staffy said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

You should have! a statement printed out is not accepted for any form of identification or proof based process. Think about it. If the AML checks are there to weed out ML's why would any solicitor think a statement printed out by the client is valid.

All mine were printed. I downloaded PDF statements from my banks and printed them on my trusty 20 year old Brother B&W printer. Stapled them and handed them over.

This does rather indicate that the system isn't fit for purpose on another issue then, as if the client can print off the statements & there isn't any corroboration process then they could easily be altered. 

How do they corroborate traditional bank statements that have been sent in the post?  Any 12 year old with a computer and a printer could produce something that looks exactly like a statement posted out by a bank.

jnorth55

noitsnotme said:

jnorth55 said:

Chief_of_Staffy said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

Indeed & I'm not suggesting that a new system is set up. One suggestion that I mentioned is simply to have the AML check process available as a separate service that can be done prior to putting in offers etc. 

What I find odd about some of the comments is that in other areas we wouldn't tolerate a system that works like this, at least not one without some kinds of process for ensuring people who get stuck in the cracks aren't simply ignored. 

Who is going to pay for that?  Like I said, lobby your MP.  Going round and round in circles with a bunch of strangers on an internet forum is achieving nothing.

jnorth55 said:

noitsnotme said:

This thread is just going round in circles, from both sides.  The 'system' is not perfect and there will inevitably be some people that fall through the cracks.  Unfortunately no-one is going to spend millions of pounds creating a new system to help what is most probably a very small minority of people.  Lobby your MP, perhaps they will take it further on your behalf.

On the general point I think some people who think this is only a small number of people affected aren't thinking ahead. App only accounts can be hard to get even recent statements from & with more & more people using them as their main account such issues might well increase. 

I've been using app only banking for years (Monzo and Starling).  I've literally just checked on Monzo and can easily retrieve statements from as far back as when I opened account.  If it worries you that much then diarise downloading statements once a year and keep your own digital copies and/or print out your own hard copies.

Who is going to pay for that? The client, as they so as part of the whole process already. The only difference is that solicitors could offer it as a standalone service, so that people can do it when they want. That would also speed up the buying process as it reduces delays once offers are in. 

I have no idea why people keep jumping to conclusions or ignoring what has already been said. I have extensive documentation of all accounts etc. going back a number of years. I get statements regularly or download them whilst doing SE returns. 

Why do you assume that I mention the digital account thing for no valid reason? If you look into it you will see that there are a large number of people who have had issues with getting statements from them. You're confusing seeing them in the app & getting physical copies. 

You brought up the statement issue, not me!  The banks offer certified copies via the apps.  You can get physical copies by downloading from the app and printing them out.  I have NEVER had a problem using these printed out statements with anyone that has needed them, including a solicitor.

What a complete waste of time this thread is.

You should have! a statement printed out is not accepted for any form of identification or proof based process. Think about it. If the AML checks are there to weed out ML's why would any solicitor think a statement printed out by the client is valid.

All mine were printed. I downloaded PDF statements from my banks and printed them on my trusty 20 year old Brother B&W printer. Stapled them and handed them over.

This does rather indicate that the system isn't fit for purpose on another issue then, as if the client can print off the statements & there isn't any corroboration process then they could easily be altered. 

How do they corroborate traditional bank statements that have been sent in the post?  Any 12 year old with a computer and a printer could produce something that looks exactly like a statement posted out by a bank.

Impossible, as they are printed by different types of printer & are on official paper.