Mortgage or Remortgage
If you will be applying for a mortgage or remortgaging another property, we require a copy of your Agreement in Principle (AIP). If your lender does not issue AIPs, we will require a letter or email from your mortgage broker confirming that they have assessed your financial situation and are confident in your ability to secure lending at the appropriate level in order to proceed with your accepted offer.
Cash Funds
We require proof of funds for the full deposit amount if you are purchasing with a mortgage, or for the full purchase price if you are a cash buyer. This should be provided in the form of a bank statement(s), showing:
– The name of the buyer(s)
– The name of the Bank/Building Society
– The total balance amounts
The statement/screenshot should be dated within the last 3 months.
Gifted Funds
If some or all of your purchase funds are being gifted to you, we require proof of funds for the person(s) gifting these to you. This should be provided in the form of a bank statement(s), showing:
– The name of the gift giver(s)
– The name of the gift giver(s) Bank/Building Society
– The total balance amounts (to cover the full amount of the gift)
The statement/screenshot should be dated within the last 3 months
We also require a letter or direct email to us from the person or people providing the funds confirming that the funds are being gifted. Please note, if any or all of your offer amount is to be gifted, we are also obliged to obtain Proof of ID and Address of the person(s) gifting these funds. See the Proof of Identity and Address section for further information.
Cash from the sale of a home
If your purchase funds are coming from the sale of a property, we require the details of the agent managing the sale, in addition to a copy of the Memorandum of Sale. We will speak directly with the agent to verify the chain details, if we haven’t done so already.
Shares/Investments
If your shares and investments are in the UK, we will require a copy of your most recent share statement or share portfolio statement.
If your shares and investments aren’t held in the UK, we will require 3 months’ worth of stocks/shares statements dated within 3 months.
Alternatively, we can accept written confirmation from your Financial Advisor that confirms you have access to sufficient funds for your purchase and that these will be available ahead of completion.
Inheritance
If some or all your funds are coming from inheritance, we will require confirmation from the executor/solicitor of the amount that is inherited and when this is being released. If the funds have been released already, we will require a copy of your bank account statement showing the money being received from the solicitor/executor’s bank account.
Pension Funds
If you are purchasing a property with pension funds, we will require a letter from your provider confirming the release of the funds. If the funds are yet to be released, we can accept a copy of your latest pension statement dated within the last 12 months. Both must confirm your name and address, as well as confirmation that the funds have been released or, if the funds are yet to be released, confirmation that pension funds will be available for the completion of the sale.