Gifted deposit statutory declaration required?

Glover1862

I'm about to exchange and went to the solicitors to discuss the and sign the paperwork. He's now saying that he has to draw up a statutory declaration (£90) because my wife is technically gifting me the money, even though it's all "our" money it coming from a bank account it her name only.


I told the solicitors about this and they even have a letter from my wife, the mortgage company knows and asked her to fill in a form so they are fine. It's just more hassle when I thought everything was done, I then have to get this statutory declaration sworn by another solicitors from the different solicitors firm, I'm surprised the charge is only £5 for that.


Anyone else had this?

derbyshirenick

I cannot offer a deep knowledge but this seems odd.

Is the house in both of your names? or just yours?

Certainly in my case I provided the deposit from accounts in my name only but the house was joint... that's exactly the same (if joint) but this never arose.

Glover1862

yes, house will be in my sole name.

derbyshirenick

That will be why then. Your wife is providing money but her name is not on the deeds.

Its not for me to question why you are doing things this way but I can understand why you are in the situation you are. Hopefully someone with more experience will be able to chip in on this.

Okydoky25

Can you not transfer it I to your account before exchange?

We borrowed from both sets of parents and mortgage is only in my husbands name but neither parent had to sign anything strangely as I thought they would. I had to sign a form from the mortgage company but this was a standard form as I live here but it didn't cost us anything.