Deposit source

squeeks · 7 February 2015 at 10:53AM

You could just move all the money in to an account in your name and leave it 6 - 12 months. I haven't seen a lender wanting to trace the source of money back much more than that.

thefrogger · 7 February 2015 at 11:03AM

OK, so I can be gifted money from my sister, who I hardly ever see without any questions from the lender, but not from someone who I'll live with for the rest of my life and who's savings, whilst held separately, are considered by us to be shared?

thefrogger · 7 February 2015 at 11:04AM

Would it be different if we were married?

Contemptuous · 7 February 2015 at 11:23AM

thefrogger wrote: »

Would it be different if we were married?

No. Makes no difference.

thefrogger · 7 February 2015 at 5:48PM

Thanks all. So after some explanation, my mum and dad have agreed to give me (us) the money. How does it work, do they just transfer the money to me then?

DpchMd · 7 February 2015 at 8:01PM

thefrogger wrote: »

Thanks all. So after some explanation, my mum and dad have agreed to give me (us) the money. How does it work, do they just transfer the money to me then?

Sure.

I hope your partner isn't transferring the money to your parents, as they may ask for evidence of deposit source from your parents.

thefrogger · 7 February 2015 at 9:14PM

My goodness no, I was exploring all options before I, a 35 year old, asked my parents to help me with a house purchase. Not my proudest if you know what I mean.