Overview
A Source of Funds request is how your law firm checks where the money for your transaction is coming from. Your firm has sent it to meet their legal and regulatory obligations, and completing it is a required step before your matter can progress.
Why your law firm has asked for this
Law firms are required by anti-money laundering law to understand and evidence where your funds come from. Completing the request accurately helps your firm meet these requirements and avoids delays to your transaction.
What you will be asked to provide
Details of the transaction, including its total value and how you intend to fund it
Answers to a few follow-up questions, based on how you describe your funding
Each source your funds are coming from, and the amount from each
Bank statements for the accounts your funds are held in, uploaded from your computer or mobile device
Supporting evidence for each source, such as a payslip, a sale agreement or a letter from an executor
The source types you can choose from are:
Savings
Sale of a property
Mortgage or remortgage
Gift
Loan
Inheritance
Sale of investments
Another source, where you describe the source yourself if none of the others apply
You can add as many sources as you need, until they cover the full value of the transaction.
ℹ️ Further guidance
How long this takes
Most people complete a Source of Funds request in one sitting. Your progress saves automatically, so you can stop and come back to it at any time using the same link.
Once you submit, your firm is notified automatically. You will be emailed when the checks on your submission are complete. You do not need to wait on the page.
Where to find this
You access a Source of Funds request from the secure link your law firm sends you, by email or shared directly. The link opens your request in Legl. You do not need to create a Legl account to complete it.
Important information
The link your law firm sends gives you direct access. You do not need a Legl account.
Your information is submitted securely to your law firm through Legl. It is not shared with any other party without your firm's involvement.
If you are unsure which source applies to you, contact your law firm directly rather than guessing, as inaccuracies can delay your matter.
Legl cannot review or approve your submission. All decisions sit with your law firm.