Prize Bonds proof etc

polydactyl

Met with three banks all seemed v positive re mortgage, roughly same amts and positive on possibility of 10% second time buyer deposit.

However part of that deposit may or may not include some prize bonds. When submitting paper work for AIP how do I show proof of prize bonds etc.....

myshirt

polydactyl wrote: »

Met with three banks all seemed v positive re mortgage, roughly same amts and positive on possibility of 10% second time buyer deposit.

However part of that deposit may or may not include some prize bonds. When submitting paper work for AIP how do I show proof of prize bonds etc.....

You can get a statement of account can't you, no?

Looking to put a lump sum into prize bonds myself, so would be interested.

Scraggs

There's a form on the Prize Bond website, send it off with required documents and they'll send you a statement.

famagusta

Scraggs wrote:

There's a form on the Prize Bond website, send it off with required documents and they'll send you a statement.

Spot on, I had to do it a month ago, takes a couple of weeks to arrive though

98-00

I didn't realise the bonds could be used in that way, I thought you would have to case them in.
Can they be directly traded for other things?

famagusta

98-00 wrote:

I didn't realise the bonds could be used in that way, I thought you would have to case them in. Can they be directly traded for other things?

It's just a statement of your 'holdings'

polydactyl

Thanks lads, as usual have never looked at them after buying them so didn't know about that statement of acc! Much obliged!

L1011

98-00 wrote: »

I didn't realise the bonds could be used in that way, I thought you would have to case them in.
Can they be directly traded for other things?

You will have to cash them in - but there's no need to do so until needed. May as well leave them where they are for the chance of a payout.