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Gifted Deposit Help!

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Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Solicitor is required to get a deed of consent for all occupiers over 17 not party to the mortgage.

    Regardless of this you will still need to disclose the source of deposit and as it is not from a close family member of yours they will not allow it.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • homebuyer99
    homebuyer99 Posts: 24 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    I don't see a problem with it - people can be "non-family" and still be closer than family. I think If his mum wants to give you money to help you out - that's her business. Its your mortgage and you can pay it, I don't see an issue as long as the gift is "unconditional".
  • jaylea
    jaylea Posts: 13 Forumite
    Well thats just wonderful.

    Im now wondering why my mortgage advisor didnt inform me of this.

    He said it would be okay.

    What options do I have now then? I am unable to get the money off any other family member.

    Could I not get the money from her and get a family member to put it in their account and transfer it to me? And say they have given it me?
  • FraudBuster
    FraudBuster Posts: 931 Forumite
    jaylea wrote: »
    The lender has not been informed of anyone living with me in the property with me. Only myself.

    ......................
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    jaylea wrote: »
    The lender has not been informed of anyone living with me in the property with me. Only myself.

    Put your partner on the mortgage.
This discussion has been closed.
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