gifted deposit help

SHM87

I am applying for a FTB mortgage through Natwest. My dad is gifting the deposit and has provided a gift deposit letter. Will he need to provide anything else?

Solicitors waiting for a document from Natwest which is being re-sent today but the help centre guy was a bit vague as to what it says. My dad is abroad so trying to minimise any delays in returning necessary paperwork.

Edited to add- survey has been done and approved.

sulphate

Ask your solicitor if anything else is required, they will be providing these documents to the mortgage lender. My parents are providing a small amount towards our next house and both of them had to provide bank statements proving where the money had lived for the last 3 months.

Thrugelmir

SHM87 wrote: »

My dad is abroad so trying to minimise any delays in returning necessary paperwork.

The source of the funds will need to be evidenced.

lewishardwick

I was advised that my parents would need to sign a gift declaration and give proof of bank statements.

In the end Accord only wanted the letter.