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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Gifted Deposits
MrsG08
Posts: 2 Newbie
We are in the process of purchasing a new home but do not have enough equity left in our home to put down as a deposit for it. We have been told about "gifted deposits" where the seller agrees to give you the equity left in their property (but no money changes hands so its just words really!). We have had a meeting with the Halifax who come up with quite a good deal but we were wondering if you know of any other Lenders who lend on the basis of a "gifted deposit" with a good rate. The rate of the Halifax mortgage was going to be 6.39% so we were looking to see if there was anything else out there? Please advise....
0
Comments
-
Don't know the rates offered but Abbey will do gifted deposits.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.5K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards