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Nationwide gifted deposit

Rumana03 · 2022-08-13 20:24:15

Hi, I've gifted some money to my husband to buy a property. Our solicitor asked me to fill/ sign a form to say the amount I am gifting & to say that I won't be asking for the money to be re-paid. As we are almost near completion, the solicitor is now saying that it will take another week or two because of the gifted…

Comments

Rumana03 Posts: 214 Forumite

14 August 2022 at 9:09AM

user1977 said:

Rumana03 said:

anselld said:

Seems an odd arrangement between married couple. Separate finances fair enough, but in the event of divorce all assets are in the melting pot so not sure how any non-interest agreement with the lender would ever be enforceable in that scenario.

And if anything were to go wrong (in terms of payments) I wouldn't want the bank taking money from my property.

But they'll take the share of the equity you've gifted? (unless there's a surplus and it goes back to your husband).

And you'll still be evicted. At least with a joint account you'd have some control over what was going on.

I'd rather lose that than lose anything from my property.

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