A director requires a validation letter for a bridging mortgage lender.
Specifically, the deposit for a property transaction involves funds transferred from one company to the director personally as a director's loan. And then, the director will provide a personal loan of the same funds to a new company purchasing the property.
The accountant letter needs to clearly explain the source and movement of funds for the deposit.
It must validate that the full amount is a legitimate director's loan and ensure straightforward approval of the bridging finance.
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