How to provide a breakdown of your funds in the app
If you have been requested to provide a breakdown of say £500,000. You'll need to provide a breakdown that makes up that amount. For example:
co-buyer funds: £100,000
gifts: £150,000
savings: £250,000
Follow these steps to add and verify your funds:
Repeat these steps until you’ve added and verified the full amount you need to account for. |
|
If all the funds are coming from someone else
If your partner, friend, or relative is providing all the funds, simply add them as Co-buyer from the funds list and enter the amount they are putting towards the transaction.
If your mortgage is still in process
You can upload early documents while waiting for your final offer, such as:
Agreement in Principle (AIP) or Decision in Principle (DIP)
Mortgage Illustration (KFI)
Acknowledgement or email from lender/broker
Conditional Offer or Valuation Report
Once approved, upload your final mortgage offer as proof.
Proving funds from a property sale
If your money is coming from a property sale, upload:
Bank statement or solicitor’s letter confirming sale funds
Signed Sale Agreement or Memorandum of Sale
Exchange of contracts or Completion statement (if available)
If your source of funds isn’t listed
If your fund type is not in the list, please select Other from the fund list and enter the amount. Make sure to upload supporting documents.