Investment & Investing

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GoatandTricycle in reply to @Howard

But the mortage lender will want to know origin of funds, no?
As may your solicitor for anti money laundering I'd have thought.

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Howard in reply to @GoatandTricycle

But the mortage lender will want to know origin of funds, no?

It's just "cash savings". You could tell them 'my mate is gonna shout me £30k' which might raise some eyebrows, but as long as no strings are attached to the loan i.e. it's not secured, they won't GAF.

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hippy in reply to @Howard

It's just "cocaine dealing".

Fine sir, sign here please.
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aggi in reply to @Howard

The mortgage lender/solicitor will want to know more than "it's cash savings" for AML reasons. It won't impact on getting the mortgage but @duncs will have to be prepared to provide documentation to evidence where the money came from.

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