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Gifted deposit not accepted by Leeds Building Society

2

Comments

  • soniamaz1
    soniamaz1 Posts: 7 Forumite
    Hi,

    No, he didn't, and now he is on paternity leave - he should come back next week.

    Sonia
  • amnblog
    amnblog Posts: 12,785 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Are we saying the broker saw the proof of deposit. Knew it was coming from Italy. Then put the case to LBS, and they said no?


    Now one colleague of the broker is saying no way LBS will do it, and another seems more hopeful?


    All a little worrying.
    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.
  • Lunchbox
    Lunchbox Posts: 278 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Do your parents live in Italy? The Leeds gifted deposit form, which they must have signed for your application, states very clearly that gifted deposits will only be accepted from UK residents.
  • soniamaz1
    soniamaz1 Posts: 7 Forumite
    Yes, they saw it before to send the proof of deposit - unless they didn't?!

    Yes, it is kind of worrying.

    What do you think it I pay in the spare cash I have outside the bank? How would this be taken into consideration?

    Cheers,
    Sonia
  • amnblog
    amnblog Posts: 12,785 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The next question will be, where has the cash come from?
    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.
  • soniamaz1
    soniamaz1 Posts: 7 Forumite
    My life time savings. My parents wanted to help me out without touching it, but there we go.
  • amnblog
    amnblog Posts: 12,785 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You are asking the Lender to believe you saved several thousand in cash?


    Dump this problem back on your broker - or find a new one.
    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.
  • bsms1147
    bsms1147 Posts: 2,292 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Find a trusted third party in the UK (brother, sister?) who can accept the Italy funds from your parents and then 'gift' them to you.
  • soniamaz1
    soniamaz1 Posts: 7 Forumite
    Yes, you are right - it's his problem, but I am going to lose the flat if things don't solve quickly.

    No family is in UK unfortunately :(
  • PixelPound
    PixelPound Posts: 3,134 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    bsms1147 wrote: »
    Find a trusted third party in the UK (brother, sister?) who can accept the Italy funds from your parents and then 'gift' them to you.
    And how does the 3rd party show they've aquire it honestly? Unless they already have savings
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