Company Creation & Incorporation
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      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 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 exemplary documents we require depending on the source of your funds. We require documentation for each of the sources you mentioned 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
      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
      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 originality of the gift
      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 that providing fewer documents than stated could cause delays to the process so keep to the requirements where possible.   

       

      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.