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The mortgage lender/solicitor will want to know more than "it's cash savings" for AML reasons.
I know...see above
Two different scenarios -
a. Duncs lends money to 'Steve'. Some time later Steve buys a house using some or all of the money Duncs lent him.
or
b. Steve agrees to buy a house, at the point of completion Duncs sends money that he's agreed to lend to Steve.
(b) will come under greater scrutiny, especially if Steve and his financial history is not well known to the lender.
I'd imagine, anyway.
But yeah, the principle - you should be able to explain where the money came from - is obviously a good and correct one, even if explaining it doesn't automatically grant Duncs an interest in the home.
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.