Do I Have to Give Evidence of Funds to Make an Offer? 

No, you don’t strictly have to provide evidence of funds just to make an offer, but almost all estate agents will refuse to formally mark a property as sold or stop viewings until they’ve verified you’re a proceedable buyer. Having this ready makes your offer stand out in a market where sellers are highly sensitive to time-wasters. 

What agents typically request 

Agents usually ask for proof of deposit, a recent bank statement (usually the last three months) showing your savings. This is often handled via secure Open Banking links for instant verification. 

They’ll want to see an Agreement in Principle (AIP) from a mortgage lender. Ideally, this should be soft-search verified to ensure it doesn’t impact your credit score while proving your borrowing power. 

They’ll also ask about your source of funds. If your deposit is a gift, you’ll need a gifted deposit letter. If it’s from investments, have your platform statements ready. 

Digital ID verification via a smartphone app (using your passport or driving licence) is now the industry standard for AML checks. 

Finally, having solicitor details ready shows you’re legally prepared which is a major green flag for sellers. 

For more on gifted deposits, see our guide on using a gifted deposit to buy your first home. 

Why it matters 

Providing these upfront separates genuine buyers from casual viewers. Ready-to-go offers get priority. Sellers want to see that you’ve cleared the initial AML hurdles, reducing the risk of the deal collapsing weeks later. 

Get your AIP early 

Get your AIP early (usually free and valid for 60-90 days) and choose your solicitor before you find the right property. You don’t need to pay an instruction fee yet, you just need their details to put on your offer form. 

For more on why early instruction matters, see our guide on when should I instruct a conveyancer. 

Next steps 

Setfords’ first-time buyer solicitors help you navigate the upfront information requirements. We provide you with our details instantly to strengthen your offer and can help verify your source of funds early to prevent delays. 

Get your free conveyancing quote today 

What you can expect with Setfords

More time, more attention: With no targets, Setfords lawyers can dedicate more time to you.

Ultimate flexibility: Our lawyers can tailor their schedules to meet your needs.

Nationwide coverage: with hundreds of consultant lawyers across the UK, we’ll connect you with the right expert.

Dedicated specialist legal partner: work directly with your chosen lawyer from start to finish.

Highly experienced: Setfords lawyers have an average of 20 years’ experience, so you can be assured you’re in safe hands.

Capacity-based allocation: our lawyers never take on more work than they can handle, so you get the focus and attention you deserve.

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