moneycorp: Proof of Funds for U.K. Home Buyers
- 08/30/10 05:35 AM
For any home buyer who is paying cash for a property, the Seller of that property is going to require proof of assets / funds that cover the purchase price. This can be a bank statement, savings account, investment or retirement account that shows on bank letterhead the total amount of funds available. This statement usually will suffice in proving the assets needed to purchase a particular property. The challenge for a U.K. buyer is that their funds show total amounts in Pounds or Sterling. A knowledgeable agent can help the seller overcome these challenges with the conversion from pounds to … (0 comments)
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Steve Glose
TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
For any home buyer who is paying cash for a property, the Seller of that property is going to require proof of assets / funds that cover the purchase price. This can be a bank statement, savings account, investment or retirement account that shows on bank letterhead the total amount of funds available. This statement usually will suffice in proving the assets needed to purchase a particular property. The challenge for a U.K. buyer is that their funds show total amounts in Pounds or Sterling. A knowledgeable agent can help the seller overcome these challenges with the conversion from pounds to … (0 comments)
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