Issues with gifted deposit/childish parent - experiences?

lazy_girl

My mum gave me and my husband a sum of money towards a deposit, and we are supposed to be signing the paperwork this week on a house purchase.

In this paperwork is a gifted deposit form which my mum has to fill out and it asks for accompanying details such as bank statements to prove where the money came from and also a p'copy of photo ID.

Now my mum doesn't have any valid ID - she has sent a p'copy of her passport, which expired in November. I spoke to her tonight to see what other ID she has and she threw her toys out of the pram as she is wont to do, complaining about how this form treats her like a money launderer and it's been a massive burden to fill out (one!) form and provide proof.

Anyway the phone call culminated in her putting the phone down on me after I said that the solicitor will pick up on the expired ID and then the purchase won't go through without another proof (I am right in thinking this aren't I?)

Apparently she doesn't care if it doesn't go through because giving us some money has been such an inconvenience and really intrusive.

So after spending half an hour crying down the phone to my husband (he is away for work tonight) can anyone offer advice and/or sympathy?

ACG

If it comes to it there are other lenders who will be happy with just a letter confirming it is a gift and non refundable (no need for statements/ID).

Your not necessarily right in your thoughts, you would need to check with the lender/solicitor.

poet123

We, and my MIL both gifted monies to our son for a deposit and no ID was required. This was with Nationwide.

Senior_Paper_Monitor

Very few lenders expect full ID for 'family gifters' (they usually us electronic ID alone)
- solicitors and/or brokers may (we always ID 'family gifters' but where we can obtain this electronically - together with money laundering and sanctions approval - we are happy with this)
- who's paperwork is the gifted deposit form ?

lazy_girl

Senior_Paper_Monitor wrote: »

Very few lenders expect full ID for 'family gifters' (they usually us electronic ID alone)
- solicitors and/or brokers may (we always ID 'family gifters' but where we can obtain this electronically - together with money laundering and sanctions approval - we are happy with this)
- who's paperwork is the gifted deposit form ?

It's the solicitor's paperwork. The bank were happy with a letter from my mum stating that it was a gift and she had no interest in the property.

What do you mean by electronic ID?

Senior_Paper_Monitor

All lenders and some brokers and solicitors have access to online systems which enable us to achieve online ID checks (just an offshoot of the credit reporting system) combined with various anti money laundering and sanction lists.


I suggest you simply discuss the issue with the solicitor (hopefully not one of the cheap conveyancing factory types) as to what the solution is.

DaveTheMus

This is why I never like to take money from anyone

whakatane

I've submitted my ID stuff to solicitors today, my parents have gifted me a large chunk of my deposit.

My parents didn't have any valid photo ID, seen as passports expired and they have old style drivers licences.

The solicitor was more than happy when they handed in their full old style drivers licence and proof of address - ie recent utility bill/bank statement/other bill.

lazy_girl

I don't know why my mum behaves like this. Everything has to go the way she thinks it should go. At the slightest setback she just loses her rag. It gets very wearing, just waiting for her to go off on one.

I wish we'd never taken the money, we could have got a mortgage on the deposit we had and just got a smaller house. But it was a genuine gift at the time and I suppose you don't foresee these issues.

Unless of course she was drunk when I spoke to her and she'll have totally forgotten this conversation in the morning - not as unlikely as it may seem.

I think it's going to be difficult to get any more paperwork out of her to be honest, I think unless we can resolve it with what we have that might be the end of it. I looked at the solicitor's email and he said he was requesting the ID 'for a bankruptcy check'. It doesn't sound like it needs to be valid ID for that.

Thanks for all your input, I'm still not feeling v confident but I'll have to wait until I can speak to the solicitor.

seven-day-weekend

poet123 wrote: »

We, and my MIL both gifted monies to our son for a deposit and no ID was required. This was with Nationwide.

We didn't have to provide any ID either when we gave our son the deposit for his flat. What we did do however was put the money in his bank account before he applied for the mortgage. We did say it was gifted but because the money was already in his bank account all he had to do was provide proof of it. His mortgage is with Santander.

Mattygroves2

seven-day-weekend wrote: »

We didn't have to provide any ID either when we gave our son the deposit for his flat. What we did do however was put the money in his bank account before he applied for the mortgage. We did say it was gifted but because the money was already in his bank account all he had to do was provide proof of it.

We were advised to transfer into their bank accounts as well (for two children and substantial sums) to avoid having to go through money laundering checks. It worked with two different sets of solicitors - no id checks but a letter to say it was gifted.