House deposit and premium bonds

[Porkchops22]

I am hoping to buy a house in the next year or so.
I have savings in premium bonds. I have also just inherited some money. This is to be split 3 ways.
My question is, would I be better off using the premium bonds to pay one of the inheritors? And use the inheritance as a deposit? I know you need proof of deposit and I'm not sure how strict this is. Would I have to show where every pound came from in the premium bonds? (savings over many years).
Or would it just be accepted as they are?
Thanks

If you have evidence of regularly saving into your premium bonds then you should be fine. With savings the only thing that would raise a flag would be if the savings in your PB came as a mysterious lump sum.

Why not just pay the money from the estate directly to the other beneficiaries? You have the Will to demonstrate your share, plus the amount you distributed as Executor.

Look on MSE for the best interest rates in savings accounts. If your share is significant it is surprising how much interest you can earn. More in a one-year fix than easy access, if you won’t need it for a year.

Yes, I do. But it goes back years.

I can do that no problem. But my question was about proof of where my premium bonds savings came from. Which is required when buying a house (for the deposit).
Is it easier to draw out my premium bonds to give to the beneficiaries? I will then have proof of where my deposit came from when I do buy a house. Thanks

They won’t go into this much detail. The maximum you can have in premium bonds is £50k anyway, which could plausibly be employment income savings (which I assume it is). You don’t need to evidence every penny.

Keep it straight forward.
Keep the PB - for now.
Split the inheritance as directly as possible - ideally without going through your accounts.

They will be looking for unusual amounts, and a steady build up in alignment with your earnings will be fine.
You having £200,000 cash earning 18k a year will raise eyebrows.

You having 20k, added to at £600 month, and earning 30k is realistic and will be fine.

I think selling your bonds would make things more complicated than necessary. NS&I will have a record of how your Premium Bonds have built up over the years. Do you manage your account online? You can see your bond record when you log on to your account.

As above. Even if you've got the max amount in Premium Bonds then if you can say they're savings and the rate they've accumulated is consistent with your income etc then I don't think it'll raise issues so far as either money laundering or showing it's not a loan or similar are concerned.

Treat the inheritance as what it is, avoiding if possible mixing money for others you're handling as the administrator with your own. A proper Executorship account, named as such, can apparently be difficult to open these days but an account in your sole name and used only for documented transactions on the estate should be fine.