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gifted deposits and BMV...how do they work?
theGrinch
Posts: 3,133 Forumite
I am curious to find out the exact process of gifted deposits. is this a price reduction before exchange, otherwise surely the lender will just reduce the mortgage. is this a cashback after completion?
Is a gifted deposit and BMV the same thing, involving a remortgage and surely this is a risk? My first thought is why sell BMV?
Is a gifted deposit and BMV the same thing, involving a remortgage and surely this is a risk? My first thought is why sell BMV?
"enough is a feast"...old Buddist proverb
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