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gifted deposit
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natnat253
Posts: 6 Forumite
Hi there
looking for some advice before i go mad!!
we are buying my mother in law's second house- we have been renting for 3 years now and want to buy it. she is gifting us the deposit of 10% the market value is 160k and 16k deposit leave 144k mortgage. We were in the closing stages with halifax to which point they had not asked us for a declaration for the gifted deposit they just wanted to sell the property at 144k and ignore the deposit surely this isnt right? they are essentially de valuing the property which could get MIL in loads of trouble?
anyone got any advice on what to do or should be done?
looking for some advice before i go mad!!
we are buying my mother in law's second house- we have been renting for 3 years now and want to buy it. she is gifting us the deposit of 10% the market value is 160k and 16k deposit leave 144k mortgage. We were in the closing stages with halifax to which point they had not asked us for a declaration for the gifted deposit they just wanted to sell the property at 144k and ignore the deposit surely this isnt right? they are essentially de valuing the property which could get MIL in loads of trouble?
anyone got any advice on what to do or should be done?
0
Comments
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Duplicate post with this;-
https://forums.moneysavingexpert.com/discussion/5621457
so ignore this one.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
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