When to show proof of deposit

[Brickswithstones]

Apologies if this has been done to death . FTB here

In the house buying process , when are you required to show proof of your deposit ? Is it when applying for your agreement in principle or further down the line when making the full mortgage application.

Thanks

[Brickswithstones]

Anyone ?

[user1484830599]

It can really depend. You can be asked by the estate agent when submitting your offer, this would be standard procedure. Your solicitor would also need to see proof of funds before drafting the contract.

[Brickswithstones]

Thanks user . That's helpful .
I was just wondering if it was a requirement for the AIP.

[PurpleDaisies]

We used a financial advisor for our mortgage and we needed it for the AIP. That could have just been so he didn't need it again for the full mortgage offer. The solicitor needed it as soon as we had our offer accepted. The vendor's estate agent didn't ask to see it but I'm pretty sure they contacted our financial advisor to ask about our position.

[EssentialHummus]

We used a broker and weren't asked for proof of funds. Our solicitor asked for it as part of her anti-fraud KYC process, though, early on.

[user1484830599]

It will depend on your broker. Ours never asked to see proof but did ask about our savings etc.

[Brickswithstones]

Thank you everyone .
We'll see what the broker says .

[adriennewillfly]

Don't show it to the estate agent.

[Artisana]

I have been asked for proof of funds by estate agents to prove I'm a 'serious' buyer before even viewing properties. Never comfortable with that and I resist until such time as I decide to make an offer.

[adriennewillfly]

Hi Artisana - you can refer them to your mortgage broker or solicitor if they don't accept it (but they are obligated to pass on your offer to the vendor, so make it in writing anyway)