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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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There, I m looking to buy a house and borrowing some deposits

Resolved Question:

Hi there, I m looking to buy a house and borrowing some deposits of my 4 cousins. What kind of evidence needed to show the money are not from money laundering? Thank you very much
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you.
Source of the funds, i.e. if it was from earnings, bank statements to show where it was saved/transferred. Just a trail really to show where it came from.
Can I clarify anything for you about this today please?
Alex
Customer: replied 1 year ago.
How about gift form oversea family member?
Expert:  Ash replied 1 year ago.
You would also need evidence, ie source of funds, bank statements. its exactly the same as if it was money from the UK. The Solicitors have to be satisfied as to the source.
Does that help?
Alex
Ash and other Law Specialists are ready to help you
Expert:  Ash replied 1 year ago.
Hi

I am just following up to see if there is anything else I can help with?

If you have not done so already might I ask you to rate my answer before you go today please, the button should be at the bottom of the screen.

If you need more help please click reply.

Alex