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Halifax offer declined- advice please

menachael · 2013-11-05 22:49:01

Hi, Really desperate for some advice. Basically, I'm a first time buyer, been living with my partner for past 5 years. We have sold that house and partner has another property that is up for sale. We want to buy a new build on help to buy scheme but as partner has not sold their second house, we have applied for mortgage…

Comments

Annisele Posts: 4,835 Forumite

5 November 2013 at 11:43PM

menachael wrote: »

I thought you could accept a gifted deposit? Is this not true? So angry at broker for advising us to take this path

I don't think the gifted deposit is a problem in itself, so long as it is properly declared to the lender. But a gifted deposit from a person who'll be living in the property but declares they have no interest in it does look pretty dodgy.

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