Which banks/bs are accepting vendor gifted deposits?

fizzybabe

Hi does anyone know which banks/building societies currently accept vendor gifted deposits.

I know the Halifax have stopped accepting these now and after trawling through the websites of all the major lenders, I am still none the wiser as there is no mention on most whether they accept them or not.

Any leads would be greatly appreciated.

holly_hobby

Is it a private vendor or a builders deposit ? (builders deps are still accepted).

Private vendor - AFAIK - after Halifax withdrawing in July that was the end of them.

H

fizzybabe

Hi, its a private vendor deposit. I thought there must still be some comapnies still accepting them as I keep seeing houses advertised with the paid deposit on there, I guess there must be builders involved with those if no high streets are doing the offer now.

Thanks

PRJ

Sorry fizzybabe, vendor gifted deposits have all but disappeared unless you're buying a new build or from a developer.

You can borrow your deposit from this company though - Google Home Buyers (UK) just as I have written it.