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Money return
ispookie666
Posts: 1,194 Forumite
Hi
I have just applied for a mortgage and have the required deposit and extra.
I had lent out money around 2k to a friend a few years ago and he wants to pay it back. I had lent out with good will and no interest attached.
How do i go about it - will they question the source of fund? Do i need any letter from him?
I have just applied for a mortgage and have the required deposit and extra.
I had lent out money around 2k to a friend a few years ago and he wants to pay it back. I had lent out with good will and no interest attached.
How do i go about it - will they question the source of fund? Do i need any letter from him?
“Don't raise your voice, improve your argument." - Desmond Tutu
System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
System 2 - 9.2 KWp + Enphase IQ7+ and IQ8AC (Feb 22 & Sep 24) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
System 2 - 9.2 KWp + Enphase IQ7+ and IQ8AC (Feb 22 & Sep 24) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
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Comments
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I don't understand.
If you already have the deposit and fees in hand, what significance does the repayment have to your house purchase?
What are you expected to evidence and why?I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanx for replying.
Its just a buffer if any further expenditure come along. I think i will put it off till everything goes through- just for the peace of mind.“Don't raise your voice, improve your argument." - Desmond Tutu
System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
System 2 - 9.2 KWp + Enphase IQ7+ and IQ8AC (Feb 22 & Sep 24) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump0 -
It doesn't make the slightest bit of difference, don't worry about it.
You are allowed to have a life outside mortgage and property land and it really isn't possible, nor necessary, to micro-manage to the "nth" degree,
The doctor prescribes alcohol in a reasonable quantity (unless of course, this is against your religion - in which case, your opiate of choice will have to suffice) and a degree of meditation.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Perhaps OP is worried that the mortgage provider will think he/she has borrowed money to make up the mortgage deposit, which might cause a problem.0
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