We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Gifted Deposit Advice

adam_rbts Posts: 13 Forumite

28 January 2009 at 11:36AM in Mortgages & endowments

Hi all..

Could anybody clarify whether buying a parents house at less than market value would be considered a vendor gifted deposit? Or do lenders consider the difference between the mortgage required and the actual market value to be the deposit?

Much appreciated

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

MSE News

Last chance: Stock up on first-class stamps now before prices rise by 22% from 7 October
You've got just days left to stock up on standard first-class stamps before prices rise by an inflation-busting 22% from Monday 7 October. If you buy some now, you'll still be able to use them after prices go up.
Disney+ to charge up to £60 a year more if you share your account – here’s what you need to know
If you share your Disney+ account with friends or family who don't live with you, you'll now need to pay up to £4.99 a month extra to do so, as the streaming service has clamped down on password sharing.
Disney+ to charge up to £60 a year more if you share your account – here’s what you need to know
If you share your Disney+ account with friends or family who don't live with you, you'll now need to pay up to £4.99 a month extra to do so, as the streaming service has clamped down on password sharing.
Disney+ to charge up to £60 a year more if you share your account – here’s what you need to know
If you share your Disney+ account with friends or family who don't live with you, you'll now need to pay up to £4.99 a month extra to do so, as the streaming service has clamped down on password sharing.
How to keep fit for FREE
Getting something totally free is likely to get a true MoneySaver's heart pumping faster than any cardio workout ever could. But, if that's not enough, I've rounded up 20+ ways you can exercise and get fit without spending a penny, both outdoors and at home.
Get 'paid' to walk using free apps
Walking has great value – not just to your health, or to the environment, but also monetary value. This is because there are a plethora of free apps (or ones you can use if you have certain health/life insurance plans) that effectively pay you to walk.
Get 'paid' to walk using free apps
Walking has great value – not just to your health, or to the environment, but also monetary value. This is because there are a plethora of free apps (or ones you can use if you have certain health/life insurance plans) that effectively pay you to walk.

View All

Gifted Deposit Advice

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free