Can we give our daughter some money to help her buy a bigger house.

2 Posts
We have approx £350000. Is it possible to give our daughter some money to help her buy a bigger house. Will there be taxes to pay
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I would read this^^^
The mortgage company did question the size of my deposit given I wasn't selling a house. They asked for a letter stating it was a gift that did not need to be repaid. This was about 8 years ago.
So yes you can!
I think if the mortgage company think its a loan, they include the repayment in the affordability checks they do.
I have been 'gifting' them £200 a month since I bought my house. I will till I've 'gifted' them the full amount back.
Its worked out well for us.
Fashion on a ration... 0/66
Target weigh loss 2/14lbs
Money saved on food budget by being frugal in 2021... 100
If the mortgage company knew it was a loan, they probably wouldn't have given them the mortgage, therefore they obtained money by deception, the definition of fraud.