gift deposit from aunty_natwest

somethingcorporate · 19 June 2015 at 11:08AM

What about the idea that it is routed via a blood relative?

i.e. gifted to your parents and then gifted from them to yourself?

sam2015_2 · 23 June 2015 at 11:45PM

somethingcorporate wrote: »

What about the idea that it is routed via a blood relative?

i.e. gifted to your parents and then gifted from them to yourself?

All of my close family with same surname are either dead or live abroad. Gift deposit from abroad is more complicated. So can't go there.

sam2015_2 · 23 June 2015 at 11:53PM

Just had an idea. Would this be less complicated??
I'm remortgaging my current property to get deposit to the second one. Aunt can overpay say £15k into my current mortgage now. I'll then get it as equity release next month.

She can then gift me the rest(10k). I can afford(I'm due to get my big bonus in August and have been doing lots of over time) to loose her £10k if the lender reject her gift.

Any advise please.

sam2015_2 · 12 July 2015 at 10:58PM

Any thoughts/advise.....?
Any one?

silvercar · 13 July 2015 at 8:34AM

Can you get equity release that quickly? Will that lender be happy releasing so much for this purpose. Will that lender be worried about money laundering ie query the source of that payment?