My credit history is not the best around, a default followed by a few missed credit card payments 4 years ago when I was a student.
I'm finding it hard to get a lower rate mortgage but was happy when Portman Building Society accepted me. They are asking me to provide proof of my deposit, why do they need these checks? I assume it is for money laundering purposes.
My deposit is quite a large sum, comprising of a gift from my grandmother that are in a bond atm, a sale of a flat in China, and my mums savings that are currently in Hong Kong.
Does anyone know of the complications of transferring these sums of money from Hong Kong / China to a UK bank account? I have all the monthly statements for the savings, the proof for sale of flat in China and the bond is already in a UK bank account of course, will I need to supply all this information and the total life of these cash amounts? Advice needed.
Thanks in Advance.