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Gifted deposit.. Help

9 Posts

Can someone help me out with this, I was gifted a deposit for my home by a family member two years ago, it was a signed statement to comply with anti money laundering etc, now got letter from a solicitor saying they want it back as it was an investment, by either selling my property or I add them to my title deeds..
I took advice and was told that a court action could be raised though the chance of success would be minimal due to the gifted letter, has anyone had experience of this.. I'm worried sick..
P. S. The family member is due to pay fees for losing a personal injury claim, I suspect this is the reason why this is now happening, though this info wouldn't be admissible in court.
Thanks
I took advice and was told that a court action could be raised though the chance of success would be minimal due to the gifted letter, has anyone had experience of this.. I'm worried sick..
P. S. The family member is due to pay fees for losing a personal injury claim, I suspect this is the reason why this is now happening, though this info wouldn't be admissible in court.
Thanks
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Replies
Doesn't matter if anyone else has experienced it.
If it was a gift and they signed paperwork to state this then they are going to have a hard time arguing that they should be repaid.
How close a family member are they?
2023 £1 a day £54.26/365
From memory, I think we signed a letter to the lender saying it was a gift.
A gift is a gift and a loan is a loan
It is worrying OP but if papers signed, let them waste their money
Is it a substantial amount, more than 50k or more than 500kk. If its more than 500k, they will try and around 50k, may be but less than that, once they've paid a solictors for a consultation of a few hundred quid, they will rethingk and become good friends and tell you a sob story to get somehting back
It's the principle, dont give it back and you dont have to
Thnaks
Fingers crossed.