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Parents Taking loan deposit
Comments
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In readiness for exchange of contracts you pass your deposit to your solicitor.JustKeepSaving wrote: »When do you pay the deposit?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Ok that's what I thought. Thank you!
We havent made an offer yet. From having the offer accepted to the solicitor needing the money what's the time line? Would we have two weeks or so to sort the mortgage and transfer deposits?0 -
OP, you mention that your mother is abroad. There is no tax in the UK on gifts but that may not be the same elsewhere in the world. Your mother should check to see if there are any tax liabilities where she lives.0
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