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Gifted deposit mortgage
Duckie
Posts: 24 Forumite
I've been told by my broker today that the Halifax is accepting a 5% vendor/builder gifted deposit and you pay the other 5% to make up your 10% deposit. I'm not going for it but thought this may be useful for someone out there.
I am a debt free wannabe. Aiming to be debt free by Xmas 2015.
Loan: £21 211.65 CC1: £2885.89 CC2: £5 082.52
CC3: £6 704.13 CC4: £2 191.64
Total debt: £38 075.83 :mad:
Loan: £21 211.65 CC1: £2885.89 CC2: £5 082.52
CC3: £6 704.13 CC4: £2 191.64
Total debt: £38 075.83 :mad:
0
Comments
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The 5% given by the Builder will normally be knocked off the property valuation though, not good news if LTV is an issue0
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