Proof of funds - Complicated Situation

[chaish]

Hi all, question about proof of funds and the average balance over 6 months.

Basically in September 2017 I purchased a residential property and in August 2017 sold an investment property, sold my car and was given a gift from my parents as well.

So basically it would look like in my account at the close of each month:

July 2017 - $20,000
August 2017 - $90,000 (this constitutes sale of investment property being credited to my account, sale of car and gift)
September 2017 - $15,000
October 2017 - $18,000
November 2017 - $20,000
December 2017 - $23,000

Note the above figures are indicative only and I've changed them for privacy reasons, but they're similar enough to explain what I'm asking.

Obviously you can see that there is a large month to month discrepancy in August and September even though I am able to sufficiently explain this through bank statements, contracts and receipts. Can anyone advise whether this will raise any issues in the proof of funds process?

Thanks so much in advance.

 

[Rayan75]

it won't matter, you're absolutely fine. This is because your starting balance 20K (which you need to indicate its source anyways) is equal or just slightly higher than the ending balance $23K. More importantly, both amounts- the start and end one- cover the minimum required amount for the PoF for an individual applicant (ie. $12,300).

 

[chaish]

it won't matter, you're absolutely fine. This is because your starting balance 20K (which you need to indicate its source anyways) is equal or just slightly higher than the ending balance $23K. More importantly, both amounts- the start and end one- cover the minimum required amount for the PoF for an individual applicant (ie. $12,300).

That’s great news, thank you!