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Source of Funds Questionnaire

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David Livingston
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9 views

Source of Funds Questionnaire

Uploaded by

David Livingston
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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REF CONV/1361057-0001/MEJO//Leons

Source of Funds Questionnaire


Reference:

In order to comply with our firms anti money laundering policy and in compliance with the Money
Laundering Regulations 2017, we require evidence of the source of funds that you are contributing
towards your purchase, after taking into account any mortgage you are obtaining.

Please send to us a copy of your bank statement(s) showing sufficient funds for your contribution. If the
funds are spread across different accounts or coming from different sources, please ensure you send
copies of all statements, with a full explanation of how the total sum is made up. All statements must
contain your full name or the donor(s) name if applicable.

We do not accept crypto-currencies/assets in whole or part as funds for any transaction.

If you are receiving a gifted deposit, regardless of the amount or of this already being in your account,
we shall need to see evidence of the source of funds from the donor of the gift. We will request further
information directly from the donor in this regard.

Please note we will not be in a position to proceed to exchange of contracts until sufficient
evidence has been received.

Source of Funds Additional Information Required Amount (£)

Own personal Please forward evidence of your savings such as a copy of your
savings bank statement for the savings account showing transactions for
how the savings have accrued.

Proceeds from Please forward copy letters from your solicitors dealing with the
sale or matter confirming when completion has taken place together with a
remortgage copy of the final completion statement showing the funds released
to you. I will also require a copy of your bank statement showing
the receipt of funds.

Inheritance Please forward copy letters from the solicitors who administered
the estate showing you as beneficiary and how much you
received. I will also require a copy of your bank statement
showing the receipt of funds.

Sale of shares / Please forward documentation showing sale and funds raised or
cashing in a letter from insurance company confirming the policy has been
policy surrendered. I will also require a copy of your bank statement
showing the receipt of funds.

Family gift/ loan If you are receiving a gift or a loan from a family member or third
party, you will need to provide relevant information within the
Proof of Funds Questionnaire on the app

O'Neill Patient Solicitors LLP


Please provide details with documentary evidence to show source
Other such as
of funds together with a copy of your bank statement to show
from a company
receipt of funds and confirmation of the company ownership.

O'Neill Patient Solicitors LLP


REF CONV/1361057-0001/MEJO//Leons

Gift Questionnaire

Receiving a gift/loan from a family member or third party?

Total Gift/Loan (£)………………

Question Comments

Are the funds to be a pure gift or will these be repayable? If


they are repayable, please indicate whether these are to be
secured by a charge over the property or anything similar,
such as a declaration of trust or a restriction placed on the
register of title.

Has the gift or loan been disclosed to your lender? (we are
required to advise your lender of any third party funding to
ensure this does not affect the mortgage offer)

We will require copy evidence of identification for the person(s)


providing the funds such as a copy of their passport or driving
licence and proof of address. The requirements will be sent
directly to the person(s) providing the monies.

We will require evidence of funding - a copy of the bank /building


society statement from where the funds originated from.

If the funds are a pure gift, we will require the donor(s) (the
person making the gift) to sign a declaration which will be
provided upon receipt of the donor(s) details. Please can you
provide the following details of the donor(s):-

Full Name (including middle names):

Correspondence Address:

Contact Number:

E-mail Address:

Please note that this additional work is not covered within the initial quote you received at the outset. My fees for
dealing with the requirements of a gift or a loan are set out in our menu of additional fees provided with our initial
estimate.

I would also recommend you seek independent legal advice before accepting financial assistance from a third party,
to ensure you understand the full potential legal consequences should the borrowing become repayable.

O'Neill Patient Solicitors LLP

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