When purchasing, if your deposit is coming from sources other than equity then the lender will want to see proof of deposit. This can be from sources such as savings, a gift from a family member or raising money from the remortgage of another property. The types of documents the lender will require for the proof of deposit:
- Savings account statement
- Bank Statement
- Gifted Deposit Letter (we will provide this to you)
- Address of the property being sold or remortgaged
If the funds are to come from your limited company then we will need a letter from the accountant confirming that the funds the can be withdrawn without detriment to trading and the funds are not set aside for any other purpose.
If sending over statements please ensure the accounts are in your name and there is enough funds to cover the deposit.