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RTB, Consent to let & buying a 2nd property

KaAsChEl · 2013-06-19 19:58:56

Hi I am looking for some advice. We recently brought our council flat from the council under the RTB scheme. The flat was valued at £81,000 and we had a discount of 52% so our mortgage is for £38,880. We planned to stay here for 5 years and then sell to buy a house. We have our mortgage with Santander on a 5 year fixed…

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holly_hobby Posts: 5,363 Forumite

20 June 2013 at 5:52PM

Ah the 20k is coming from your mums partner.

You must disclose the gifted deposit at your first meeting, and that it isn't from a direct or marital relation as such (although Halifax may accept their status as common law husband and wife as suitable).

Hope this helps

Holly x

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RTB, Consent to let & buying a 2nd property

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