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Gidt towards deposit from Godfather

inthemix
inthemix Posts: 9 Forumite
Part of the Furniture First Post Combo Breaker
in Mortgages & endowments
Apologies, that was supposed to read gift!!


I am in a position where my Godfather has said that he will be helping us with money towards a deposit. Amount unknown at present as he is waiting for his Mum's estate to be finalised and amounts provided once split between beneficiaries.


My partner has been told that we won't be able to use it towards a deposit as he is not a blood relative.
Is there any way around this please?


Thank you, oh wise ones!

Comments

  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your Partner has been misinformed.


    Policy on non family gifts depends on the lender - this is no problem if you use the right one.


    Ask a good broker.
    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.
  • inthemix
    inthemix Posts: 9 Forumite
    Part of the Furniture First Post Combo Breaker
    amnblog wrote: »
    Your Partner has been misinformed.


    Policy on non family gifts depends on the lender - this is no problem if you use the right one.


    Ask a good broker.



    Thank you so much! That has put my mind at rest. :)
  • Senior_Paper_Monitor
    Senior_Paper_Monitor Posts: 2,918 Forumite
    Part of the Furniture Combo Breaker
    If deed of variation can be used so that money pass from estate direct to applicant it should be acceptable to even more lenders
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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