Solicitors and law firms must understand where the money comes from when dealing with large amounts of money to prevent money laundering and fraud.
To start the check, click the link sent from your agency or solicitor. This will bring you directly to the app store or play store (if you have not installed the app already).
Once this is done, you will be guided to complete the following sections,
Fourth step, Connecting your digital bank statement
Step 1: tap on confirm my funds
| Step 2: Select bank account
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Step 3:
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You can now go back to the main screen and keep adding the rest of the funds until matching the purchase price. This will allow you to move to the next step
Tap on Add more funds
| Select the other fund type
| Enter the amount and tap on add
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You should repeat this step until all your 'Confirmed funds' match your 'Funds required'
Fifth step, upload documents
Common questions:
What happens if you can't link to your digital banking?
If you can't connect to open banking, you can also add the funding details to 'other' and upload bank statements in the next section.
Why is it not moving to the next step?
Please check that your confirmed funds match the funds required.
What if half of the deposit comes from a co-buyer?
You can select co-buyer funds from the list of sources of funds and add how much they'll be adding to the purchase of the property.
For more help, you can contact us via email at [email protected] or by phone on 020 4566 8106