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Securing the mortgage
Saints2011
Posts: 933 Forumite
Good evening, I have successfully got a agreement in principle this evening 
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I am buying my step sisters flat, it's her and my Grandad on the deeds, it's currently mortgaged. My Grandmum is gifting the deposit who is not on the deeds. The property is not a discounted purchase.
Will Nationwide have any issues with the deposit, my Grandmum who is giving the deposit is not named on the deeds & as mentioned above its not a discounted purchase? Just thinking whether the solicitors / nationwide would have a problem?
Thank you.
:j
.I am buying my step sisters flat, it's her and my Grandad on the deeds, it's currently mortgaged. My Grandmum is gifting the deposit who is not on the deeds. The property is not a discounted purchase.
Will Nationwide have any issues with the deposit, my Grandmum who is giving the deposit is not named on the deeds & as mentioned above its not a discounted purchase? Just thinking whether the solicitors / nationwide would have a problem?
Thank you.
:j
Can I find out my credit score?
You do not have a single credit score or rating. Different organisations take different information into account when working out your credit score and may have different scores for different products. (Kindly from Experian)
0
Comments
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It isn't a issue that the deposit has been gifted.0
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Who will live in the house after the purchase / sale goes through?
Depending on the answer, it could be a major problem.0 -
Just me. The grandson .Can I find out my credit score?You do not have a single credit score or rating. Different organisations take different information into account when working out your credit score and may have different scores for different products. (Kindly from Experian)0
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So apart from the letter, all is fine. I did ring Nationwide today didn't let on I had already got a AIP and put it to them, they said it would be fine, just would need the letter.
Thank you amnblog I guess its the second one "Example gifted deposit letter" really helpful !Can I find out my credit score?You do not have a single credit score or rating. Different organisations take different information into account when working out your credit score and may have different scores for different products. (Kindly from Experian)0
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