Re mortgage and adding lump sum problem

melvynr

Trying to remortgage after 2 year deal has come to an end we want to put in around £20,000 which was gifted to us by an elderly aunt who,s husband died and was left some money from her husbands estate, around a year ago to help my wife,s life easier after she suffered a brain haemorage . The problem is the solicitors want proof of where the money came from including a solicitors letter where the aunt got her money from and her bank account details. This would cause considerable distress to an elderly lady in her 80s who herself is not as well as she once was. My wife who has physically recovered is not completely mentally recovered and probably never will be and this is now causing her considerable stress and does not want to involve her aunts personal details. help please

kingstreet

Standard money laundering requirement, I'm afraid.

The only alternative would be to drip-feed overpayments into the account in the coming months/years, but be careful of exceeding the early repayment penalty allowance your new product should have.

You will, of course, need the higher mortgage amount to repay your current mortgage.