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Brother buying a house for me
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The real source is a gift from parents. It was not used for the purchase of a property so is being sent back.davidmcn said:
Do you mean to help him fraudulently hide the real source of the money? The solicitors will check where it actually came from, so this is unlikely to help any.Mattchoo said:My plan was to send the deposit back to my parents who could then give it to my brother
It will then be used with a different son to purchase a property - I would be comfortable with this as a broker, but I would want bank statements showing the money going to son 1, then statements showing it being returned and then more statements going to son 2.I am a Mortgage AdviserYou 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.1 -
As ACG said, the original source of money is our parents. That is well documented (have deposit form from our previous application showing it came from parents - and bank statements would show it too) so that would probably be the least of our problems.davidmcn said:
Do you mean to help him fraudulently hide the real source of the money? The solicitors will check where it actually came from, so this is unlikely to help any.Mattchoo said:My plan was to send the deposit back to my parents who could then give it to my brother
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