Overview

When completing a Source of Funds submission, you will be asked to explain where your money comes from and upload supporting evidence. The documents you need depend on the type of transaction and the sources your funds come from.

Your request will be for either a conveyancing (personal) transaction or a commercial (business) transaction. Use the section below that matches your request to see what each source asks for.

ℹ️ Further guidance

For full steps on how to complete your Source of Funds submission, see:

How to complete a Source of Funds submission

Conveyancing transactions

If your Source of Funds request relates to a personal or property transaction, you may be asked about the following sources. Select each source to see what is requested.

Savings

How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Where do these savings come from? (Employment, Self-employment, Pension or retirement, or Another source)
- Employment: What is your annual salary? and How does your salary appear on your bank statement?
- Pension or retirement: Do you claim a pension? (Yes/No)
- Another source: Tell us more about where these savings come from

Supporting evidence: A recent bank statement or payslip showing these savings.

Property sale

How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Have you received this money yet? (Yes/No)
Address of the property
The solicitors handling the sale (name and address)

Supporting evidence: The sale agreement, completion statement and a bank statement showing the proceeds.

Mortgage or remortgage

How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Have you received this money yet? (Yes/No)
Address of the property
Your lender (name and address)

Supporting evidence: The mortgage offer letter, mortgage statement and completion statement.

Gift

Does this money need to be repaid? (Yes/No)
How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Have you received this money yet? (Yes/No)
The person providing the funds: their name, their relationship to you, their email address and their address

Supporting evidence: A letter from the person making the gift.

If the money needs to be repaid, it is a loan, not a gift. Add it as a Loan source instead.

Investments, stocks & shares or ISA

What type of investment did you sell?
How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Have you received this money yet? (Yes/No)

Supporting evidence: A statement or contract note showing the sale.

Inheritance

How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Have you received this money yet? (Yes/No)
Tell us about the estate, including who you inherited from and your relationship to them

Supporting evidence: A copy of the will or a letter from the executor.

Loan

How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Have you received this money yet? (Yes/No)
The person providing the funds: their name, their relationship to you, their email address and their address

Supporting evidence: The loan agreement.

Other

Describe this source of funds
How much of the transaction will this cover?
Do any of these funds come from outside the UK? (Yes/No)
Have you received this money yet? (Yes/No)

Supporting evidence: Any document that evidences this source.

Commercial transactions

If your Source of Funds request relates to a business transaction, you may be asked about the following sources. Select each source to see what is requested.

Asset sale proceeds

We will need the sale documents and proof showing the business received the asset sale proceeds.

What type of asset was sold?
Amount
Do any of these funds come from outside the UK? (Yes/No)
Has the business received these proceeds yet? (Yes/No)
Buyer name
Completion date
Document evidence upload: the sale agreement, completion statement and evidence showing the proceeds arriving in the business account

Bank or commercial loans

We will need the loan documents and evidence showing the drawdown into the business account.

Lender name
Type of financing
Amount
Do any of these funds come from outside the UK? (Yes/No)
Has the business received this funding yet? (Yes/No)
Facility or account reference
Document evidence upload: the facility letter, loan agreement, lender confirmation and evidence of the drawdown into the business account

Business profits

We will need the business accounts, bank statements and supporting evidence showing how the profits were retained.

Name this source
Business name
Do any of these funds come from outside the UK? (Yes/No)
How much of these retained profits will be used?
What generated these profits?
Document evidence upload: company accounts, management accounts, tax returns and business bank statements showing how these profits were retained

External investment

We will need the investment documents and proof showing the capital was received by the business.

Investor name
Type of investor
Amount
Do any of these funds come from outside the UK? (Yes/No)
Has the business received this investment yet? (Yes/No)
Investment structure
Document evidence upload: the investment agreement, subscription documents, updated cap table and evidence of the funds received by the business

Shareholder/director funding

We will need evidence of the shareholder or director contribution and any supporting corporate approvals.

Who provided the funding?
What is their relationship to the business?
Amount
Do any of these funds come from outside the UK? (Yes/No)
Has the business received this funding yet? (Yes/No)
How was the funding structured?
Document evidence upload: supporting documents such as the director loan agreement, share subscription documents, board resolution and transfer evidence

Mortgage

We will need the mortgage details and evidence of the mortgage offer.

Type of mortgage (private or commercial)
Amount
Do any of these funds come from outside the UK? (Yes/No)
Has the business received these funds yet? (Yes/No)
Property address
Lender name, address and country
Document evidence upload: the mortgage offer and any supporting documents

ℹ️ Further guidance

If part of the funding comes from a third party, you can delegate that source for them to complete. See:

How to delegate a source in a Commercial Source of Funds request

How you provide bank statements

Whichever type of request you have, you can provide bank evidence in one of two ways:

Connect your bank account using Open Banking, which allows Legl to securely retrieve your statements for the period your firm requires, or
Upload bank statements manually, which will be attached to your submission

Your law firm decides how many months of bank statements you need to provide, usually between 3 and 24 months.

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.

Important information

You can add multiple sources of funds if your money comes from more than one place.
The information you provide is reviewed by your law firm as part of their compliance checks.
Legl cannot make decisions or approve evidence on behalf of your law firm.

If you are unsure what evidence to provide, contact your law firm directly for guidance.

What evidence you need to upload for a Source of Funds submission