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Proof of funds letter for Estate Agent

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    #32
    Victor
    Registered Users Posts: 78,282 ✭✭✭✭Victor


    Note that it is a mortgage situation.
    Saints#33 wrote: »
    I was asked for this last month.

    My advice is simply transfer any other amount than required to another account, screen shot the amount and then transfer it back in.
    Not to be done lightly with some pf say, €300,000.
    snowcat wrote: »
    Just write a cheque for a big sum to your account. Blank out all the details and the sum will show up a a balance. Simples. Done it a few times. I could afford the purchase but did not have the balance in my account. Cheque will bounce but so what.
    Not to be done lightly with some pf say, €300,000.


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    #33
    happyfriday74
    Registered Users Posts: 194 ✭✭happyfriday74


    Asking for proof of funds is to be expected.


    Learned the hard way once when a purchaser was gung hoo telling me he was a no nonsense cash purchaser. He was a well known investor and agent never actually asked for POF based on his prior track record. months later and no returned contract it turned out he had since had "short term liquidity crisis". Bot underbidders were gone by then and had to relaunch the property at end of the summer.

    As such if I was selling again I'd expect an agent selling for me to request POF to verify the purchaser is serious before going sale agreed again.

    You already told them you are willing to purchase the house for X amount so no harm showing you can do this.


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