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Gifted letter advice

2»

Comments

  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pedro2015 wrote: »
    So your saying I could gift the money to her as my spouse?

    I am saying your mother is your relative. She is no relative to your girlfriend and KMC won't accept this.

    Lenders are fussy about the source of gifted deposits due to money laundering rules.
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pedro2015 wrote: »
    The whole situation seems obsurd, we have a 50% deposit!

    From a lenders perspective the defaults are the concern. In processing your application the lender is assessing you and your suitability as a potential borrower. The deposit actually has relatively little bearing.
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