Hi
We have posted off our mortgage application two weeks ago with the requested documents. We received this email last Friday:
"Hello Mr & Miss
I am looking after your home purchase application, I will need to see you proof of savings to confirm your bonus.
Kind regards
"
We then replied with the statement attached. He responded to say the underwriter would want to know where the deposits came from so a brief description attached would be sufficient. We completed this and heard nothing back so today called up and were told that the statement should have been sent in (there was no mention of this on the email).
We are now unsure of what exactly should be sent? We are going to phone first thing in the morning but my head is now buzzing with questions.
The main issue for us is that £4000 is coming from our own personal savings which we can evidence..the other £3400 is coming from partly one of our parents as money that doesn't have to be paid back and the other £1400 from money that was put aside years back after a relative passed away. We are worried about how to prove this as it sounds like a story!
So I guess my question is will a statement showing the total with a letter attached explaining the amounts be sufficient for the underwriter? I was under the impression it was our solicitor who would deal with the money laundering side?
I am a born worrier and it just seems that the more I try to explain where the funds are coming from it seems like I am hiding something..which we are not!
Thanks for reading and sorry for the long post
We have posted off our mortgage application two weeks ago with the requested documents. We received this email last Friday:
"Hello Mr & Miss
I am looking after your home purchase application, I will need to see you proof of savings to confirm your bonus.
Kind regards
"
We then replied with the statement attached. He responded to say the underwriter would want to know where the deposits came from so a brief description attached would be sufficient. We completed this and heard nothing back so today called up and were told that the statement should have been sent in (there was no mention of this on the email).
We are now unsure of what exactly should be sent? We are going to phone first thing in the morning but my head is now buzzing with questions.
The main issue for us is that £4000 is coming from our own personal savings which we can evidence..the other £3400 is coming from partly one of our parents as money that doesn't have to be paid back and the other £1400 from money that was put aside years back after a relative passed away. We are worried about how to prove this as it sounds like a story!
So I guess my question is will a statement showing the total with a letter attached explaining the amounts be sufficient for the underwriter? I was under the impression it was our solicitor who would deal with the money laundering side?
I am a born worrier and it just seems that the more I try to explain where the funds are coming from it seems like I am hiding something..which we are not!
Thanks for reading and sorry for the long post