Help - Mortage Promise Offer and Deposit (Cash, gift, Cheque)

therealhyper

Hi,

I have a 'Mortgage Promise' from Halifax subject to survey, and have been trying to orgainse the deposit (they want 25%).

I was owed some money which I am getting back and some which will be gifted to me and some which will be lent to me (from a family friend) to make the required deposit.

Some of the money owed to me has already been returned but its cash.

I am not sure whether to ask the person to make a cheque and take the cash back, just in case the bank starts asking questions about where the cash came from ? if its a cheque they can see where it has come from so should stop them asking?

And will the gift and some money which is being lent to me, be ok for the deposit? this will be given to me via a cheque, so their is a paper trail.

GMS

Your big issue is the loan for some of the deposit. Have you told the lender that your deposit is partly gifted and partly loan?