TLDR: Thirdfort's in-app questionnaire helps gather client purchase funds information to comply with AML regulations. Clients provide property value, stamp duty, and address, then detail funding sources like mortgage, gift, savings, inheritance, cryptocurrency, and more, including relevant specifics and origin countries.

Source of Funds for your clients

Our in-app questionnaire helps you gather purchase funds information to comply with AML regulations. The user-friendly form lets you know exactly where your clients funds are coming from.

What information does my client need to provide?

Thirdfort offers two Source of Funds questionnaires, one for purchasers and one for giftors. If your client is a purchaser, they will first be asked to provide:

The total value of the property being purchased,
The value of any stamp duty being paid,
The address of the property being purchased.

Once your client has provided these details, they will then be asked to add a breakdown of the individual sources they are using to fund the purchase.

What sources can my client add?

Your client can choose from the following sources, and based on the source selected, will be asked to provide the listed information:

Mortgage:
- The mortgage amount,
- The name of the lender,
- The country where the funds originate from.
Gift:
- The amount of the gift,
- Name, mobile number and relationship of the giftor,
- If the gift is repayable,
- The country where the funds originate from.
Selling a property:
- The contribution amount from the sale,
- The status of the sale,
- Name of the law firm conducting the sale,
- Completion date,
- If the sale of the property is taking place outside of the U.K. (if so, where.)
Divorce:
- Contribution amount from the divorce settlement,
- Name of the law firm,
- date of the divorce,
- Do the divorce settlement funds originate from outside the U.K (if so, where.)
Other:
- Contribution amount,
- Where the money is coming from,
- Do the funds originate from outside the U.K.

Savings:
- The amount of savings,
- Employment status, income, pay frequency, pay description on bank statement,
- If they have any other income (rent, interest, dividends, trust or benefits)
- Details of any co-purchasors
- The country where the funds originate from.
Selling an asset:
- The contribution amount from the asset,
- What is being sold,
- If the sale of the asset is taking place outside of the U.K. (if so, where)
Inheritance:
- Contribution amount from the inheritance,
- Name of whom the inheritance has come from,
- Date of the inheritance,
- Do the inheritance funds originate from outside of the U.K. (if so, where.)
Cryptocurrency:
- Contribution amount,
- Where is the money coming from,
- Does this source of funds originate from outside of the U.K. (if so, where.)

Your client can view a full walkthrough of all of the available sources on our help centre here.

Which sources should my client add?

When completing the source of funds questionnaire, your Client should list all sources, even if they are being provided by a co-purchaser. The task will be completed when the full outstanding balance of funds has been accounted for.

If a mortgage is being used, all clients need to add the full mortgage amount, nut just the amount they are responsible for.

This article is based on accessing Thirdfort directly via our portal. If you access Thirdfort via a partner or reseller, functionality may differ.