Nationwide FTB mortgage chance of offer? With gift money from Asia

nws_1109 · 15 November 2024 at 8:56PM

Not sure what exactly I am looking for from this but it feels daunting. Anyone who has had similar experience and can share experience would be really helpful.

I'm first-time buyer and about 40k gift in my deposit comes from my parent in China. Application submitted in early October. It's been over 1 month. So far I've provided the following

Gift deposit template
Donor's 6-month bank statements prior to and after transferring funds to me in March this year
Audit trail of 3 large deposit in donor's account
3.1 term deposit certificate and withdrawal confirmation receipt of 2 cash deposits (large deposit 1), deposited 3 years ago and 1 year ago respectively.
3.2 term deposit certificate and withdrawal confirmation receipt of 1 account closing transfer (large deposit 2) deposited 3 years ago.
6-month bank statements of donor's account 2 prior to the transfer to the donor's account 1 that actually transferred funds to me (large deposit 3)
My bank statement showing the receipt of the funds

Also, I've provided the translations for documents 3&4. Didn't provide translation for document 2 as Nationwide's internal team has translated it when I provided the original copy in the first place. Now my broker called the lender and said their internal team is still translating the document 2. The next update will be next week.

I am looking to complete the transaction by end of Jan 2025. But not sure if the lender will have endless request for more documents about donor's deposit etc. In the document 4, there is about £10k transferred from my other family to my parent's account 2, before my parent transferred the fund to their account 1 that actually transferred funds to me.

With all documents provided now, what's the chance of offer? I am very jumpy the moment I think of the endless documents to provide. Also concerned if it's possible to complete by end of Jan and then move it before Feb. Fingers crossed. If anyone with similar experience like this before could share any thoughts, much appreciate.