Nationwide gifted deposit letter...HELP PLEASE..

shamaila

My solicitor is very strict..now I'm worried if I ignore her letters and print mY own out she might not like that. Also the letter that Dave included do we have to write name and address of the person gifting the letter at the top of the letter? And write 'Dear Nationwide Building Society'?

GMS

shamaila wrote: »

My solicitor is very strict..now I'm worried if I ignore her letters and print mY own out she might not like that. Also the letter that Dave included do we have to write name and address of the person gifting the letter at the top of the letter? And write 'Dear Nationwide Building Society'?

Then why not go with what the solicitor has done?

Starting to think there is more to this than stated.

Is the 'gift' actually a loan?

Dave and many others including myself have used a very similar letter for years. However your solicitor has provided you with one. I get mine pre application to satisfy the lender if requested as well as the solicitor.

Stick to the solicitor one as they will accept it.

sockpuppet

I agree. This whole issue is being compeletely 'over-thought' now.

OP - if you feel happier using your solicitors letter, just use that one.

If you had a broker, they would have printed the template letter, had it signed and uploaded it to Nationwide by now.

This is just a basic processing request, just print it and get it off to Nationwide if you want to get your mortgage offer through. Use whichever letter you feel comfortable with as this could go on for days!

shamaila

Okay I will use my Solicitors letter and see what they say. Our mortgage offer has already been issued they just want to see proof of gifted deposit as its the last bit of information they want before releasing mortgage funds

sockpuppet

Sorry, I didnt realise you already had your offer.
Yes I am sure it will all be fine, just get your letter off and hope your completion all goes smoothly x

DVardysShadow

shamaila wrote: »

My solicitor is very strict..now I'm worried if I ignore her letters and print mY own out she might not like that. Also the letter that Dave included do we have to write name and address of the person gifting the letter at the top of the letter? And write 'Dear Nationwide Building Society'?

You pay her, you are the master. If she does not like it, she might advise differently. But frankly, the last paragraph is abysmally weasel worded and to me it reads "And now we have said it is a gift, it might not really be a gift, our fingers are crossed behind our backs and we might want to claim it back and we might have some deal which allows us to do that". To me, it reflects badly on your solicitor and if mine suggested such a letter, I would have no hesitation in telling her it was wrong.

I would cut this paragraph down from

"I understand that if the money is not intended as a true gift that there are other methods by which we can protect our financial interests and we understand the importance of seeking independent legal advice and have had the opportunity to do so"

to

"I have had full opportunity to take independent legal advice concerning the declaration given"

shamaila

@ sockpuppet thanks

I have handed the letters back to solicitor today fingers crossed lets see what nationwide says. I will keep you all updated

tiny_atoms

My boyfriends Mum is gifting us our deposit, does the letter have to include my name as well as my boyfriends? The mortage would be in both of our names.

wahidemp

i need to write a letter to nationwide regarding about a gift deposit from my parents to put towards a house.

can any one help me to address a letter to nationwide and what to write down. please.

kingstreet

wahidemp wrote: »

i need to write a letter to nationwide regarding about a gift deposit from my parents to put towards a house.

can any one help me to address a letter to nationwide and what to write down. please.

PM me your email address and I'll email you a copy of a word doc already set up for Nationwide.