Proof of funds and source of funds
Proof of funds can show that money is available for a purchase. Source of funds explains where the money for that transaction came from; source of wealth concerns how a person accumulated their overall wealth. The solicitor decides which checks and evidence are required.
A screenshot of a balance may not explain a gift, inheritance, business sale or transfers through several accounts. The SRA’s guidance discusses why the origin and movement of money matter.
Further reading: SRA: source of funds and wealth
Prepare a clear account of the money
Identify who is buying, who is providing the money and which accounts will be used. Ask your conveyancer what records it needs for savings, a property sale, inheritance, a company distribution or a family gift. A gift may require evidence from the person providing it as well as the buyer.
For overseas funds, allow time for translations, verification and bank transfers where requested. Do not assume a document accepted by an agent will satisfy the conveyancer or lender.
For example, if a parent gives part of the deposit and the buyer contributes savings, explain both sources and the accounts through which they will move. The conveyancer can request the records needed from each relevant person and explain whether a gift declaration is required.
Share safely
Do not send passports, bank statements or funding evidence through Rivermark’s ordinary enquiry form or email. Wait for a specific request and an access-restricted upload or another agreed secure route. Check payment instructions using independently verified contact details before transferring funds.
Redact or limit information only in the way the requesting professional agrees; incomplete evidence may delay their checks. Do not send a third party’s documents without their authority.
Plan for the timing
Ask when evidence is needed for an offer, mortgage application, exchange and completion. Keep money available for the agreed timetable and explain any known delay to the conveyancer. Evidence requirements depend on the transaction and the parties.
Rivermark, your conveyancer and any lender may each need their own checks. Each should explain what it requires and how to provide evidence securely. Rivermark can discuss the search and an offer; legal checks and acceptance of evidence remain with the relevant professionals.
Further reading: GOV.UK: buying a home
Official guidance checked 5 November 2026. Confirm the current position and how it applies to your circumstances with the relevant adviser.