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F+F settlement question
Posted: Wed Nov 02, 2022 3:33 pm
by ATP94
Hi,
I'm looking into submitting a F+F settlement by next April 2023.
My balance remaining would be around 18k and my brother is happy to offer up to 15k as a settlement for the purpose of this.
What documents + evidence is required for submitting after the F+F process commences?
Will I need to send in bank statements as well my brother or is his proof of funds only required and where it has come from for anti laundering regulations?
Many thanks
Re: F+F settlement question
Posted: Wed Nov 02, 2022 3:55 pm
by Breezy
Paperwork required differs from IP to IP, though usually the ID of the donor(s) and statements showing the existence of the funds are all that is universally required. Anything else will depend on the reasons you give for making the offer: Affordability will probably need a new I&E, medical issues will need professional confirmation, etc.
Re: F+F settlement question
Posted: Thu Jan 19, 2023 11:34 pm
by ATP94
Wed Nov 02, 2022 3:55 pmBreezy wrote:
Paperwork required differs from IP to IP, though usually the ID of the donor(s) and statements showing the existence of the funds are all that is universally required. Anything else will depend on the reasons you give for making the offer: Affordability will probably need a new I&E, medical issues will need professional confirmation, etc.
Hi Breezy,
I am just back again querying something asked by the donor, he is happy to provide all the relevant docs but has asked whether they require access to transactions within the statement which proves funds. I believe he is wanting to blank those for privacy.
Could you pls advise what I should reply with?
Re: F+F settlement question
Posted: Fri Jan 20, 2023 7:46 am
by Breezy
Thu Jan 19, 2023 11:34 pmATP94 wrote:
Hi Breezy,
I am just back again querying something asked by the donor, he is happy to provide all the relevant docs but has asked whether they require access to transactions within the statement which proves funds. I believe he is wanting to blank those for privacy.
Could you pls advise what I should reply with?
Hi. As I understand it the donor can redact their bank statements, so that details of individual transactions other than those relating to the lump sum, are not displayed. To my mind -- and your own IP might have other thoughts -- one of those little ATM balance slips should do the job. They might, however, want something with ID on it.