Buying flat in cash.

G_M

bouicca21 wrote: »

So this is the one bed flat in which you are going to live with the lady you picked up on the forum with her two children?

Seems OP has met a girl online, with kids, and within a couple of weeks is buying a flat within a suitable school catchment area.

Whether this is to be their shared home (bit premature....?) or is the BTL he was earlier considering (nice start to a relationship - become your girlfirend's landlord!) is unclear.

As well as considering school catchment areas, OP should look at the local hospital waiting lists and mortality rates for the relevant diagnosis to ensure timely and effective treatment.

agrinnall

AdrianC wrote: »

Whether your parents evade paying tax or not does not affect your mortgage affordability. You need to declare the gift to your lender. They - via your solicitor - may well perform money-laundering checks on it.

I read it as the parents will donate the entire purchase price of the flat, hence no lender involvement.

davidmcn

agrinnall wrote: »

I read it as the parents will donate the entire purchase price of the flat, hence no lender involvement.

And the money-laundering checks need to be performed by the solicitor irrespective of whether there's a lender involved.