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Financial support from a parent

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We received our mortgage offer from the Natwest last week. Today I got a letter from the solicitor saying she had written to Natwest advising that part of the deposit was a gift from my dad (not a loan in anyway or with any conditions attached) and that she would let me know if they revise the offer. I am confused now as we were open and honest about this at the mortgage application stage and so Natwest are aware. I am confused why and how they may now change the mortgage offer. Anyone got any advice or similar experience.


Thank you x

Comments

  • Keekles
    Keekles Posts: 154 Forumite
    Sixth Anniversary Combo Breaker
    It's a natural part of the process with regards to solicitors. If you have declared it was a gift etc. then you shouldn't have any problems whatsoever. Wouldn't panic.
  • I'm sort of in the same boat! The Halifax are asking us for various documents proving the source of our deposit (gifted from family) and I'm getting worried too.
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    as Keekles says

    'It's a natural part of the process with regards to solicitors. If you have declared it was a gift etc. then you shouldn't have any problems whatsoever. Wouldn't panic. '
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Thank you :) I was hoping it wasn't anything to worry about.


    I forgot how stressful buying a house is!!! x
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