Can i use this money for a deposit?

Ddl1234

Hi all,

Ok so it goes like this;
My partners step dad who ain't leagaly her step dad as her mother is not married to him is giving my partner £20000 from the sale of his deceased fathers house. This money is hers to do what she pleases with.
We would like to use it for a deposit on a mortgage but after a bit of research on deposits I'm unsure if we can actually use it as a deposit as he's not leagaly a family member....does it make any difference to the fact that the money is hers to do what ever with? By that I mean it's not specifically given as a gifted deposit. Has anyone here been in or delt with a situation simular to this?

Just to add to the situation I have adverse credit history so we will be going through a broker and specialist lender.

Any advice welcome and thanks in advance

Thrugelmir

The money is a gift from an unrelated person. The money is then being used a deposit. Facts require no commentary or explanation. From the lenders perspective the outcome is the same.

kingstreet

This will depend on the lender and solicitor concerned.

silvercar

If the money is coming from a joint account that non-legal step dad has with her mother it will be coming from a relative's account.