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First Buy/ Joint Mortgage

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  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    so wil we have to lie to lloyds and tell halifax we got a loan for the deposit?
    That would be fraud, not advisable
    poppy10
  • Our solicitor advised us that FirstBuy would not approve an application where you are using a loan to fund the deposit, the deposit has to either come from savings or a gift from family members (a loan from family members would also not be accepted). Might be worth speaking to your FirstBuy agent about this.
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