providing a deposit

Your solicitor may ask you questions about how you obtained the money to purchase the house in addition to verifying your identity. Your parents or other family members' names, the circumstances surrounding their donation of a deposit, and the motivations behind their gifting will all be required information by the solicitor. Inquiring in-depth about where the money originated from and having them provide evidence may seem a little intrusive to you or your parents. The conveyancer, who is also your mortgage lender, will inquire regarding proof of the source of the funds.

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Added: 30-07-2022