Money for deposit

ftb92

We are currently saving up for a deposit for our first house. My boyfriend starts with a new company in September after finishing uni. This company offer a 'relcation/start up allowance package' They will give him a lump sum of interest & tax free cash which he pays off each month over 3/4 years.

My question is - would we be allowed to use this as part of our deposit or will it be seen as a loan and therefore not allowed?

We won't take it if we can't use it as a deposit so any advice would be great!
Thanks in advance.

dimbo61

Never look a gift horse in the mouth.
If it is an Interest Free relocation loan and you need a Fridge freezer, washing machine, tumble dryer, sofa, bed etc
Cash in hand plus " Which" for best buys and Internet for best prices (Pricerunner) means good quality items which will last for years.

dimbo61

You could also use the money to pay for the legals, stamp duty, moving costs, searches etc and save the deposit yourselves.