Why you need to submit financial documents in good time
Once your offer has been accepted, your mortgage lender and conveyancer will require various financial documents to proceed with your mortgage application and legal checks.
Delays in providing these documents can slow down the entire process, putting your purchase at risk. Here’s why getting everything organised early is essential.
What documents will your conveyancer need?
Your conveyancer is legally required to verify your source of funds before the transaction can progress. Expect to provide:
📌 Proof of deposit – A bank statement showing funds, plus a gift letter if receiving money from family.
📌 Proof of source of funds – If your deposit has built up over time, expect to provide statements showing the savings history.
📌 Mortgage offer (once issued) – Your solicitor will need a copy of this for legal checks.
💡 Fact: These checks are legally required under anti-money laundering regulations - without them, your purchase cannot proceed.
What documents will your mortgage lender need?
Your mortgage broker and lender will need to assess your affordability before issuing a formal mortgage offer. Be prepared to submit:
📌 Proof of income – Three months’ payslips (or tax returns if self-employed).
📌 Bank statements – Usually covering the last three to six months.
📌 Employment details – A letter from your employer confirming salary and contract details (if required).
📌 Credit commitments – Details of loans, credit cards, or other financial obligations.
📌 Proof of deposit – A recent bank statement showing the full amount.
💡 Tip: If your deposit is coming from multiple sources (e.g., savings, family gifts, investments), provide clear documentation early to prevent delays.
Why providing documents early matters
Many buyers underestimate how long the mortgage and legal process takes. If you delay submitting your documents:
⏳ Your mortgage application could stall – Lenders won’t process your application without full documentation.
⏳ Your conveyancer won’t be able to progress the legal work – Checks must be completed before searches and contracts can move forward.
⏳ You risk losing the property – If delays push timelines too far, the seller might accept another offer.
💡 Fact: Most delays in property transactions are caused by buyers failing to provide documents on time.
What Open Moove suggests next
• Gather all required documents now - don’t wait for your solicitor or mortgage broker to ask.
• Be proactive - if a document is missing, find out what alternatives can be provided.
• Respond quickly to any additional requests - delays at this stage can hold up your mortgage offer and legal process.
• Download the Open Moove app to track your progress and stay on top of every step.
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