Halifax Deposit Query

Laura84

Hi Guys.

Thanks for all your advice so far.

My partner is £2000 short for the deposit (the rest is from his savings). The Broker told Halifax that he would save the £2000 by completion but they weren't too convinced so he told them that he is actually being gifted some money towards the house.

He is being gifted some money but it is coming from my parents (mortgage is only going to be in his name).

His sister is happy to say she has gifted the money and transfer it to him after my parents have transferred to her but will this suffice?

Or my parents can transfer to her husband, who sends it to her who then sends it to my partner?!

Hope that makes sense

Not really sure of what way round it!

Thanks in advance

chanz4

so you are committing fraud / moneylaundering

betmunch

What happens when the lender or solicitor asks to see the paper trail?

Ask your broker who the gift can come from and get it from them. Do it right or not at all

Malmo

betmunch wrote: »

Do it right or not at all

This. 100%.

RajFanda

Hi recently i received payment from my friend which i give him few years back to help him.
its 3500 does this affect as it will be contribution towards my deposite. its with Halifax.i am received other amount as gift from our parents as Me& my wife are joint applicant. Hope this give some back ground. i already declare with application about parents help.not sure about friends 3500 which he deposited with intent to help me in buying process .... not sure how to go ahead with this as he already transfer money to m y account .