Deposit Source

kingstreet

Let's face it, the sub 60% cherry pickers aren't known for their flexibility. You might be right, Leon.

amnblog

Best for beans

spidereyes

kingstreet wrote: »

Lenders often delegate deposit issues to the solicitor who is acting for them as well as for you, in most cases.

However, the solicitor has to establish the lenders position on such issues as gifted deposits, loan repayments etc so what appears to have not caused a ripple now, may be tsunami-esque just before exchange of contracts.

Agreed. We had a case recently that our client only told us once deposit funds were requested that it was part vendor gifted, referred back to lender and the offer was withdrawn..

Out if curiosity how much is the purchase price and what amount are you borrowing?
I certainly can't comment on tesco bank as I've not had many dealings with them, but some lenders have seemed to have a more flexible approach in the past with referred deposits that haven't been previously declared on application.

alifeforfriend

spidereyes wrote: »

Agreed. We had a case recently that our client only told us once deposit funds were requested that it was part vendor gifted, referred back to lender and the offer was withdrawn..

Out if curiosity how much is the purchase price and what amount are you borrowing?
I certainly can't comment on tesco bank as I've not had many dealings with them, but some lenders have seemed to have a more flexible approach in the past with referred deposits that haven't been previously declare