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If a gifted deposit frowned upon?
jojo9239
Posts: 322 Forumite
Long story short but my Nana passed away 3 years ago 
and my mum is about to exchange contracts on her house and she has offered to give me and OH £10-£15k for a deposit for our first home.
Will the bank frown upon this? We have been renting for 4 years at £550 a month so wanna get a foot on the ladder. We have about £4k saved for fees etc xxx
and my mum is about to exchange contracts on her house and she has offered to give me and OH £10-£15k for a deposit for our first home.Will the bank frown upon this? We have been renting for 4 years at £550 a month so wanna get a foot on the ladder. We have about £4k saved for fees etc xxx
0
Comments
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Its not looked at in the same light as a saved deposit, but i would'nt say its frowned upon.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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