CONVEYANCING SOURCE OF FUNDING

What is ‘source of funds?’

Source of funds is simply proving where your money came from for your deposit and ongoing purchase.

Solicitors have a legal duty to ensure that any, and all, funds used within a property transaction have come from a legitimate source and they are looking to establish the original source of the funds, not just the mere availability of funds in a bank account.

Why is it important for us to check source of funds?

If the source of funds is not checked properly by a Solicitor and a money laundering issue were to arise, there can be criminal sanctions for the Solicitor for not checking correctly. Individuals actually can be held liable.

Between 2004 and 2015 £180 million of UK property was subject to criminal investigation as suspected proceeds of corruption, and in 2017, 160 properties worth over £4 billion were identified as being purchased by high corruption-risk individuals.

What would a Solicitor need for proof of funds?

In order to complete their money laundering and due diligence requirements, Your Solicitor will ask you to provide evidence of your source of funds. This can include the following:

• Bank statements
  Your solicitor will need full PDF statements which have been downloaded from your account, they must show your full name and address. The statements should be from the latest 6 months, but you may be asked to provide anything up to 12 months of statements to establish the source if it is not clear enough
• Gifted Money
  If you are being gifted money from your parents/ family, your solicitor will need to run some ID checks and will also need bank statements from the person gifting the money, showing where the money is coming from
• Inheritance
  If you have inherited money, your solicitor will need a copy of the estate accounts as well as a bank statement showing the monies being transferred into your account
• Sale of property
  Your solicitor will need proof of sale evidence, such as correspondence from the Solicitor who acted on your behalf on the sale and a bank statement showing the monies being transferred into your account
• Pension withdrawal
  Your solicitor will need a letter showing your pension withdrawal and a bank statement showing the monies being transferred into your account
• Divorce settlement
  Your solicitor will need the original/ certified copy of court order or settlement

What is not acceptable to prove source of funds?

The requirements for providing source of funds documentation are relatively straight forward, however, it is important to note that not all formats are accepted.

Some of the formats that will not be accepted are:

• Screenshots/ photos of bank account statements from a phone 
• Statements from savings accounts only showing internal transfers being made, as this does not show where the original source of the funds have come from

PROPERTY CONVEYANCING

For a buyer the stages of conveyancing are as follows:

Stage 1: Instructing a conveyancer
Once you have found your property and your offer has been accepted the vendor’s estate agent will request your conveyancer’s details to pass on to the sellers’ solicitors. It is best to do your research and select who you would like to act on your behalf so that you can act quickly once your offer has been accepted.

The conveyancer acting for the seller will prepare a legal information pack which will include a draft contract, a fixtures, fittings and contents form, a property information form and the legal title to the property.

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Working with us.

Sussex Law Solicitors in Patcham

We are seeking an organised, pro-active, articulate and motivated receptionist, preferably with experience of working in a legal environment, on a part time basis 1-2 days per week including Mondays. The current rate of pay is £12.21 per hour

Duties include diary management, reception duties including managing calls from new and existing clients, greeting clients and file management. The successful candidate will be confident around computer technology and be able to work in an organised manner.

We are an equal opportunities employer and offer the opportunity for everyone to play a key role in our service to our clients..

Skills Range

Essential:

• Strong IT skills with knowledge of Microsoft Office
• Good communication skills
• Attention to detail is essential
• Excellent organisational and administration skills
• Ability to multi-task in a fast-paced environment

Person Specification

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Sussex Law Diversity

Diversity Data Statement – July 2025

At Sussex Law Solicitors, we are committed to promoting equality, diversity and inclusion within our firm and the wider legal profession. As part of our regulatory obligations, we collect diversity data in accordance with the Solicitors Regulation Authority (SRA) requirements.

In June 2025, we gathered updated diversity data from our team and reported this data to the SRA. However, due to the size and structure of our firm, publishing detailed data could risk identifying individual staff members. In line with SRA guidance, we have therefore chosen not to publish a full breakdown in order to maintain confidentiality and protect anonymity.

We remain proud of the diversity policy within our firm and continue to foster an inclusive and supportive working environment. For more information on the SRA’s diversity requirements, please visit:
https://www.sra.org.uk/solicitors/resources/equality-diversity/your-data/

 

Diversity makes for a broader, richer environment that produces more creative thinking and solutions. We believe that promoting diversity is essential to the success of our firm. It is also the right thing to do.

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Lasting Powers of Attorney (LPAs)

What is a Lasting Power of Attorney (LPA)?

Lasting Powers of Attorney, are legal documents registered with the Court of Protection enabling you to appoint representatives to act on your behalf. (more…)

Complaints Procedure

Sussex Law Ltd is committed to providing a professional, efficient and courteous service to all our clients.  If you feel that we have failed to achieve an acceptable standard of service, we want you to tell us.  We will investigate your concerns objectively and try to generate a positive and speedy solution.

What To Do If You Have A Complaint About The Service We Have Provided Or The Handling or Storage of Your Personal Data

If you are not happy with the service provided to you and/or the handling or storage of your personal data, you should contact the person normally dealing with your case or their supervising partner or manager. The name of the supervising partner or manager will be found on your initial correspondence or, if you don’t have this, then please contact our reception team. You can contact us in writing or by telephone.

01273 561312 – info@sussexlawsolicitors.co.uk

To help us to respond to your concerns promptly please include the following details:

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Working with us.

Sussex Law Solicitors in Patcham have a vacancy for a full time
Residential Property Legal Secretary

This is a fantastic opportunity for an experienced Legal Secretary to join our busy property department based in Patcham, Brighton.

You will need to have secretarial experience, preferably with Residential Property.

The Role

• To provide secretarial support to the property fee earner
• Audio typing using digital dictation
• Diary management
• Sending client care letters and supporting documentation.
• Apply for searches using on line services including land registry

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Careers with Sussex Law

Sussex law have a current vacancy for a full time Senior Conveyancing Solicitor

Senior Residential Conveyancer

We are looking for a senior residential property solicitor/conveyancer for our busy office in Patcham. You will be able to run your own matters from start to finish using digital dictation and be able to manage a mixed caseload of freehold and leasehold transactions.

It would also be beneficial if you already have links within the Brighton residential property sector. However, we do not and will not pay referral fees to agents. You will need to be dynamic, motivated and self-reliant with good attention to detail and be commercially aware.

This is a full-time role and an exciting opportunity and there is potential to become a partner. Salary is available upon application, is based on experience and is competitive.

IF YOU ARE INTERESTED IN THIS POSITION, PLEASE SUBMIT YOUR CV IN THE FIRST INSTANCE TO STEVE COLE AT SUSSEX LAW SOLICITORS. info@sussexlawsolicitors.co.uk

Call 01273 561312 or send an email to info@sussexlawsolicitors.co.uk

Sussex Law Best Rated Property Lawyers in Brighton

We are proud to be rated Top 3 Property Solicitors for the city of Brighton.

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ThreeBestRated’s goal is to find the top 3 local businesses per category in each town/city across the UK.  Its employees handpick 3 top local businesses per category and check reviews, history, complaints, ratings, satisfaction, trust, cost and general excellence.  Only businesses verified by ThreeBestRated employees are included.

Let us know if you need any property related advice or have a requirement for our conveyancing service.

We also have an excellent Private Client department for all of your Wills, Probate and Power of attorney and Estate Planning needs. Contact Sally or Linda.

info@sussexlawsolicitors.co.uk or 01273 561312

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Recent Posts

• CONVEYANCING SOURCE OF FUNDING
• PROPERTY CONVEYANCING
• Working with us.
• Sussex Law Diversity
• Lasting Powers of Attorney (LPAs)

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