Proof of Deposit

Your mortgage broker will need evidence of where your deposit has come from. Your solicitor will also need to have this too however your solicitor will need to see the whole trail of your deposit. We are often asked what exactly is it that we need to evidence this, so here is a few examples:

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👷🏼‍♂️‍Deposit come from savings from your salary - We would require 3 months statements that the money is help within

‍🎁Deposit is gifted by family member - We would need your family member to complete a gifted deposit letter

💵Deposit from selling something e.g car, previous property - We would need a statement showing the funds going into your account & 3 months recent statements to show the funds still sat in that account

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Please note that if you have moved the funds around from different accounts, we will need to see the whole trail to be able to prove that these are the same funds. This protects us and you from Money Laundering. Your solicitor may require further evidence such as 6 months statements, so please also check with them.