for example, let say we have accumulated 60,000 pounds in our bank account through escort work, all paid by cash and all declared. can we use this savings to purchase a property without mortgage or any help. just the whole amount straight into a property. the reason im asking is because i though in a property website that you can't use cash deposits to pay a property but how else can we do it if our escort payments are all made in cash? because if i can't buy a property with all my escort savings that was legally obtained, i may as well work less. my whole point of escorting is to buy a property faster than traditional ways, again all legally declared. im not into mortgages and loans. just wanna know if i can use my escort cash savings to buy a property in one lump sum.

again, not trying to do any dodgy things. all legally declared cash. i don't like keeping cash in the back for the long term which is why i would like to invest it in btl property

EDIT: maybe i didn't make it clear. im not asking about paying the property with actual cash. ofc i would never expect that to be legal. im asking if the source of the funds can be escort earnings which were paid as cash deposits into the bank.

I’m pretty sure it’s all electronic. You can go in and pay cash for a car but not a house.

It’s just the way the system works but a quick check with a financial addviser should set you straight 

i thikn you missunderstood my post. im not planning to bring a suitcase full of cash to buy property. you are right that it's done electronically, meaning bank transfer for purchasing the whole property. im asking if the original savings is acceptable that are cash deposits into the bank, and then the balance electronically transferred to buy the property

i thikn you missunderstood my post. im not planning to bring a suitcase full of cash to buy property. you are right that it's done electronically, meaning bank transfer for purchasing the whole property. im asking if the original savings is acceptable that are cash deposits into the bank, and then the balance electronically transferred to buy the property

Absolutely fine.

Of course! Best person to speak to is a financial/mortgage adviser x

i dont want a mortgage, nor do i qualify but i will definitely speak to accountant

There wouldn't be anything stopping you paying for a property from you bank from legitimate earnings.

It obviously wouldn't be as simple as going to an Estate Agent or seller and saying I want this house and transferring the money.  You would have to use a solicitor and they would sort it all out for you, they will probably ask for proof of where the funds came from. 

Why would you not be able to buy a property through legal gains?  You're not applying for a mortgage.

because in some property agency website in their faq they wrote that you can´t use cash deposits in your bank to pay towards a property thats why i was worried because i don´t do escort work to keep my money in the bank all the time. wanted to invest in a btl so was looking up property agencies and i found this

Any large transaction involving anyone who needs to follow Know Your Customer and Anti-Money Laundering rules - and any property purchase is going to do that - will need to do 'source of funds' to document that they asked WTF the money came from.

"They turned up with a big bag of cash" is not going to be seen as an acceptable answer for them to write down even if you can show the receipts from the cash machine, but then neither is "they transferred it from another account".

'I've been working as a {insert whatever is on your self-assessment form}, here are my copies of the form' would / should be fine, and that's the level of answer a solicitor etc is going to want to see.

(About five years ago, a Bank of Mum bought their offspring a flat. Selling the old house in London made enough to buy one somewhere else, and there was enough left over to get a flat - again outside London - without a mortgage a few years later. The lawyers needed to see proof of the sale before they would take the money. No proof, no purchase.)

yeah definitely i have to proof that the money was obtained legally. what do you mean by ¨here are my copies of the form'¨which form do i need are you talking about the self'assessment


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£60k in cash obtained legally? !!! why wasn't the money transferred into your bank account instead in cash