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:
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.
From the sale of property
From the sale of property
We will need the proceeds of sale, property's address and your Solicitor's details.
Amount
Property Address
Do any of your funds come from outside the UK? (Yes/No)
Has this money been received yet? (Yes/No)
Solicitors/ Conveyancers details (name and address)
From re-mortgage of other property
From re-mortgage of other property
We will need the remortgage amount, property's address and your mortgage lender's details.
Amount
Do any of your funds come from outside the UK? (Yes/No)
Has this money been received yet? (Yes/No)
Details for account receiving funds
Property Address
Mortgage lenders details (name and address)
From sale of investments
From sale of investments
We will need the type of investment, investment amount, your account details and documentation for the sale.
Type of investment (including stocks, shares, ISAs, insurance and pension policies)
Amount
Do any of your funds come from outside the UK? (Yes/No)
Has this money been received yet? (Yes/No)
Details for account receiving funds
Document evidence upload (proof or bill of sale & Bank statement showing money has been received)
From a gift from a 3rd party
From a gift from a 3rd party
We will need the gift amount, your account details, bank statement, gift letter and the 3rd party's contact details.
Does the money require repayment? (Yes/No)
Has this money been received yet? (Yes/No)
Amount
Account details
Bank statement showing the transaction (if additional information required)
Information of 3rd party (including name, email address and address)
Gift deposit letter
Third party's contact details
From savings
From savings
We will need your savings amount, account details, income source, and bank statements from the savings account for the period your firm requires.
Amount
Do any of your funds come from outside the UK? (Yes/No)
Account details
Income source (employed, self-employed, retired, or other)
How the payment appears on your statement
Supporting evidence, depending on your income source:
Employed: your annual salary, plus a P60 and recent payslip
Self-employed: a self-assessment or CIS return
Retired: details of your pension
Other: a description of the income and any relevant documents
From inheritance
From inheritance
We will need the amount of inherited funds, a letter from the Executor and a bank statement.
Amount
Do any of your funds come from outside the UK? (Yes/No)
Has this money been received yet? (Yes/No)
Details of bank account receiving funds
Estate details plus the name of/a list of Executor(s) and their address(es)
Document evidence upload (Executors letter & bank statement showing money has been received)
From a loan from a 3rd party
From a loan from a 3rd party
We will need the loan amount, your account details, bank statement, loan letter and the 3rd party's contact details.
Amount
Do any of your funds come from outside the UK? (Yes/No)
Has this money been received yet? (Yes/No)
Account details
Bank statement showing money being received
Loan letter
Third party's contact details
From other sources
From other sources
If none of the other sources apply, use this one. You can include a description of the source and upload all supporting documentation.
Description of source
Amount
Do any of your funds come from outside the UK? (Yes/No)
Details of bank account receiving funds
Option to upload documents
ISAs (savings)
ISAs (savings)
If your money is in an ISA which is not a conventional bank account, see the below steps:
Adding sources:
Add your ISA as a Savings source, using the required evidence within this step.
Connecting your bank account
If your provider is available, proceed to Connect Bank Account
If your provider is not available, select 'Manually Upload Statements'
Add your provider
You are still able to click + Provide account details even if your provider is not listed.
Enter the details (Account name & account number at minimum)
Attach any statements or evidence for this account
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
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
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
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
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
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
ℹ️ Further guidance
If part of the funding comes from a third party, you can delegate that source for them to complete. See:
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.