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What Source of Funds (SOF) documents should I provide?

We may require further documents from you, you can find out what we may need below

What Source of Funds (SOF) documents should I provide?

We require evidence of the source of funds being used to fund your property purchase(s). This is a standard anti-money laundering (AML) requirement. 

This is different to proof of funds. We don't just need to see that you have the required funds to purchase the property, but also where these funds originated from. We need to understand both where and how you got the money you will be using for the purchase. 

Below is a list of the required documents depending on your source of funds. You must provide documentation for every source of funds listed on your declaration form. 

 

If you selected... You will need to provide
Salary

3-6 months of salary statements showing

  • your name as the employee
  • date of issue
  • pay period
  • employer details
  • pay details 

AND

Accompanying bank statements showing salary being paid in
Savings

Bank statements demonstrating the flow of funds (must be most 6-12 months of the stated date of savings)

AND

Accompanying evidence of the source of the savings. E.g. Salary statements from which these savings have been accumulated. 
Investments

Statement from your investment provider or financial institution (between 6-12 months of the stated date of investment)
Sale of Property One of the following documents:
  • Completion statement
  • Signed letter from your solicitor/estate agent confirming the sale and value OR;
  • Contract of Sale OR
  • Settlement statement

AND

A bank statement showing the funds entering your account
Loan

Loan agreement or statement

AND

A bank statement showing the loan funds entering your account
Inheritance One of the following documents:
  • Copy of will 
  • Signed letter from a Solicitor 
  • Grant of probate 
  • Letter from Executor

AND

A bank statement showing the funds entering your account
Dividends or Profit from a Company One of the following documents:
  • Latest audited company accounts
  • Dividend statement
  • Letter from a chartered accountant for an unaudited company account

AND

12 months of company bank statements
Court award - compensation

One of the following documents:

  • Copy of the court order
  • Signed letter from a solicitor

AND 

A bank statement showing the funds entering your account
Gift

A completed statement from the giftor(s): Gift statement

AND

  • Documentary evidence from the donor showing the origin of the gift (e.g. a bank statement from the donor showing the funds leaving their account)
  • A copy of the giftor's Passport
Insurance Claim

Letter from the insurance provider

AND

Bank statement showing the money entering your account
Divorce Settlement

One of the following:

  • Copy of court order or
  • Judicial separation agreement

AND

A bank statement showing the funds entering your account
Remortgage One of the following:

  • Mortgage in principle

  • Letter from the bank regarding the remortgage acceptance

If the remortgage amount has been paid out we would need a bank statement showing the money entering your account.
Inter-company loan
  • Certificate of Incorporation;
  • Articles of Association;
  • Shareholding structure; and
  • Supporting source of funds documents as evidence (e.g. 6 months of company bank statements and audited company accounts)

 

Please note: providing fewer documents than required will likely cause delays to your purchase. Follow the requirements above as closely as possible to keep things on track.   

 

If your source of funds is not listed here - please feel free to reach out to us at gethelp@getground.co.uk and provide supporting evidence to our team who will be happy to help and answer any questions you may have.