Overview
A Source of Funds request lets your law firm understand where the money for your transaction is coming from. This is required to meet their regulatory obligations, so please provide accurate and detailed information.
Your request may be for a personal transaction (such as a conveyancing purchase) or a business transaction. The process is the same to begin with. The sources you are asked about, and whether you can delegate a source, are where the two differ. Follow the section below that matches your request.
Before you start
Before starting your Source of Funds submission, make sure you have:
Access to your Source of Funds request link
Details of how you are funding the transaction
Supporting evidence for each source (for example, payslips, sale agreements, savings statements, or business accounts)
Access to your bank accounts or bank statements
How to complete a personal Source of Funds submission
Follow these steps if your request is for a personal transaction. Click each step to find further instructions:
Step 1: Complete the Source of Funds questionnaire
Step 1: Complete the Source of Funds questionnaire
ℹ️ Important
Once you have completed the Source of Funds questionnaire, it is not possible to go back and edit this.
If you have made an error, please reach out to your law firm directly to request a new link.
Open your Source of Funds request and click Get started.
Select what best describes your transaction:
Property purchase, or
Other (for example, gifting money).
Enter the total value of the transaction.
For property purchases, enter the purchase price only.
Do not include solicitor fees or Stamp Duty unless your firm has told you otherwise.
In the free-text box, describe how you intend to fund the transaction (for example, a mortgage, a gift, or savings).
Answer any follow-up questions that appear, which are based on your previous answers (for example, whether your mortgage has been approved, whether a gift is repayable, or whether your savings were built up from income).
Click Continue to move on to adding your sources.
Step 2: Add your sources of funds
Step 2: Add your sources of funds
The sources available for a personal request include savings, mortgage, property sale, investment sale, loan, gift, inheritance, and other.
You may see suggested sources based on your questionnaire answers.
To add a source:
Find the relevant source type.
Click Add source details.
Enter the amount for that source.
Confirm whether the funds come from outside the UK.
Confirm whether you have already received the funds.
Provide the required additional details (for example, property address or solicitor details).
Upload the required supporting evidence (you can add up to 10 documents per source).
Click Save.
Review the progress bar at the top of the page showing how much of the transaction value has been declared.
Repeat these steps until all sources have been added.
ℹ️ Important
For every source where 'Yes' is selected to confirm the funds have been received, you will be prompted to connect a bank account or upload statements for that source at the next stage of the request.
If you have not received the funds for a source yet, that step is skipped for it. Savings sources always require bank statement evidence, even though the money is already held.
ℹ️ Further guidance
Different sources require different evidence. For more information, see:
Step 3: Add bank account evidence
Step 3: Add bank account evidence
Once all sources have been added, you will be asked to show where the funds are held. Your law firm sets how many months of statements are collected, between 3 and 24 months. The same period applies whether you connect via Open Banking or upload statements manually.
Review the page showing whether further bank statement evidence is required.
If you need to edit, add or remove a source, you can click Amend source details.
If needed, select Add bank account details.
Choose one of the following options:
Option A: Connect via Open Banking (recommended)
Click Connect bank accounts.
Select your bank.
Approve the secure connection when prompted.
Choose the relevant account(s).
Remove any accounts that are not relevant.
Click Continue.
Your bank statements will be securely fetched automatically. When you connect an account, Legl runs an initial check on your statements. You may be required to answer follow up questions for some transactions.
ℹ️ Further guidance
Open Banking is a secure way to share your financial data with trusted, regulated providers. For further details, see:
Option B: Upload bank statements manually
Select You can upload bank statements manually.
Enter the provider, then add the account name, account number, sort code, and balance.
Upload statements in one of the following formats:
PDF, JPEG, JPG, PNG, GIF, or TIFF
Follow the on-screen steps until the upload is complete.
ℹ️ Important
Even if your provider is not included in the list, you can still add the name of the provider manually and then proceed to '+ Provide account details'.
Step 4: Review and submit
Step 4: Review and submit
Assign each bank account to the correct source.
Review all information carefully.
If needed, click Add another source to include additional funding.
If any funding remains undeclared, you can:
Add another source, or
Provide a comment explaining why it is undeclared.
Click Agree & Submit.
You will see a confirmation that the process is complete.
How to complete a Commercial Source of Funds request
Follow these steps if your request is for a business transaction. Click each step to find further instructions:
Step 1: Open the request and select your transaction type
Step 1: Open the request and select your transaction type
Open the link your law firm sent you.
Select the type of transaction. The options include:
Buying or selling a property
Buying or selling a business
Investing in or funding a business
Purchasing or licensing intangible assets
Setting up or restructuring a corporate or trust structure
A lending or borrowing agreement
Other (you can describe your transaction)
Confirm or enter the total transaction amount. Your law firm may have already entered this; if not, you can add it yourself.
Step 2: Declare your sources of funding
Step 2: Declare your sources of funding
You will add each source the money is coming from until the full transaction amount is accounted for. A progress bar at the top of the page shows how much you have declared.
Select Add source and choose the type of funding. The available source types are Asset sale proceeds, Bank or commercial loans, Business profits, External investment, and Shareholder/director funding.
Enter the details for that source. The exact questions depend on the source type, but for every source you will:
Enter the amount.
Confirm whether the funds come from outside the UK.
Confirm whether the business has already received the funds.
Provide the source-specific details (for example, the buyer and completion date for an asset sale, or the lender and facility reference for a loan).
Upload the supporting documents (you can add up to 10 per source).
If a source involves a third party, such as an investor or a director, you can delegate that source for them to complete.
Click Save.
Repeat these steps until all your funding sources are declared and the full transaction amount is accounted for.
ℹ️ Important
For every source where 'Yes' is selected to confirm the funds have been received, you will be prompted to connect a bank account or upload statements for that source at the next stage of the request.
Step 3: Provide bank statement evidence
Step 3: Provide bank statement evidence
Once your sources are declared, you will provide bank statement evidence for any source where you confirmed the funds have been received. Your law firm sets how many months of statements are collected, between 3 and 24 months.
Choose one of the following options:
Option 1: Connect your bank account (recommended)
Select Connect bank account.
Select your bank.
Approve the secure connection when prompted.
Choose the relevant account(s) and remove any that are not relevant.
Click Continue.
Your transaction history is retrieved automatically. When you connect an account, Legl runs an initial check on your statements. You may be required to answer follow up questions for some transactions.
Option 2: Upload bank statements manually
Select Upload bank statement.
Enter the provider, then add the account details.
Upload your statements as PDF files, making sure they cover the period your law firm requires.
Step 4: Review and submit
Step 4: Review and submit
Review the summary of your sources and evidence.
If any of the transaction amount has not been declared, add another source or provide a comment explaining why.
Select Submit.
You will see a confirmation that your submission is complete.
Declaring overseas funds
For each source, you will be asked if any of the funds come from outside the UK. If any part of your funds were acquired overseas, select 'Yes' so your firm can carry out the right due diligence checks.
ℹ️ Important
Not declaring overseas funds can delay your transaction.
What happens next
After submitting:
You will see an on-screen confirmation that your information has been successfully submitted, and you will receive a confirmation email.
Your law firm will receive your Source of Funds report.
Your law firm will contact you directly if any further information is required or to confirm next steps.
For business transactions, any sources you delegated to a third party must be completed before the full application is finished.
Important information
All information should be accurate and complete to avoid delays.
If any funds come from outside the UK, you must declare this so your firm can carry out the correct checks.
Delegating a source to a third party is only available for business transactions.
Legl cannot review or approve your Source of Funds submission. All decisions and follow-up sit with your law firm.