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Gifted Deposit Source Query
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If this becomes an issue, it will happen later when your solicitor checks deposit source. Halifax delegates this to the solicitor and hardly ever does these checks itself.
Ask your solicitor if you have any concerns.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 -
firsttimebuyer14 wrote: »Ahhh!!
I'm nervy now! I have a deposit from my partners parents which has already been transferred to my account, letter from them stating it's a gift. I did inform Halifax and they said this was fine - should I still worry this could be rejected on this factor?
The problem for Firefly is that his wife is not going to be on the mortgage.
Santander won't have it.
If your Partner is going on your mortgage you do have an issue.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.0 -
Hello. We had this situation with Nationwide. My parents gifted deposit to my fiancee at the time, even though I wasn't named on the mortgage but was living in the house. Didn't have any issues whatsoever, just wrote the standard letter.Outstanding Debt at 01/01/2020
2.09% Mortgage - £93,851.54
#33 Emergency Fund Challenge - £5400/£54000
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