Nationwide gifted deposit letter...HELP PLEASE..

Thrugelmir

alexwhisper wrote: »

We have just used 2 gifted deposit letters from parents to buy. Dont worry! There's no need to pay a solicitor to do it any numpty can. My mum wrote dear...enter lender name


I have gifted £x amount of money to my daughter enter name and her husband...enter name for the purpose of putting a deposit on a house of their choice. I do not require this to be repaid


signed


its that simple! All banks inc nationwide accepted it before we eventually chose which lender to us. We were getting pre approved first in principle before property searching

Why are you responding to a thread that's nearly 10 months old?

amnblog

LukeZak wrote: »

I am getting a Gift letter but the donor is asking how would this effect his future mortgage application? I have no idea what would be the answer.:mad:

Can anyone help?

It wouldn't, unless he needs the funds for his purchase.

If the donor is gifting you funds we assume he is not party to the mortgage or the property.