Title | : | Gifted Deposit Mortgage - Who Can Make a Gift, UK Mortgage Criteria Rules on Cash or Equity Gifts |
Lasting | : | 8.03 |
Date of publication | : | |
Views | : | 9,9 rb |
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I have £4k cash loan repayment from someone deposited in my account Would it be an issue for the mortgage application? I don’t need that £4k to be counted towards my home deposit as my balance is sufficient excluding that £4k Comment from : Linh Ngo |
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Hey, thanks for the video, If I already own a buy to let property by myself and my partner gifts our current main residence to me, what would the tax implications be? Thanks Comment from : Andy Trace |
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gift of equity means property ? Comment from : sys tema |
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if I have around 20000 gift in bank but no salary coming still can I buy buy to let property with rent guarantee in that area from the property br? Comment from : sys tema |
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What if the money is inheritance held in account from abroad what information will be required as proof Comment from : Usher Robinson |
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I gifted my son property to benefit from cgt and SDLT but he wants to give me beneficial ownership, is this allowable on gifted property Comment from : I-Islam |
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I have been asked to sign a letter and that no proof of funds is required Is that correct When will the money be transferred and can I stop the transfer at anytime Thanks Comment from : Bee A |
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Hi, brWhen someone gifts me money for a deposit, which proof will the lender require? Will they want to see bank statements of the person gifting me the money? Comment from : Alayna |
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Do all gifted deposits need to be signed by witnesses as well as the giver? Comment from : black sunlight |
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Hi , first off thank you took me ages to find information on this , so here is my question , getting gifted 40k on my mother in laws house , out of the sale of the house m, in other words we are getting it 40k under the valuation of 180k so we getting it for 140k with me so far ? i have a further 20k to add as a deposit , my mortgage guy is saying get a mortgage for 180k and use my 20 as a deposit it just does not make sense to me i dont need the extra 40k and even if i use it as more deposit surely im just borrowing more than i need ? is he trying to pull something to make me borrow more , PS 2 mortgage brokers have told me the same thing, hope this all makes sense Comment from : Edgunsuk |
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appreciate the detail, and you guys seem like a good company to work with Comment from : Sally-Anne Lambert |
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I have got 25k for a deposit my gf has got 6k but her credit is really poor so the mortgage is going in my name only Can she contribute her money to my deposit and reside in the property with me? She is happy to sign any disclaimer saying she wont have any share in the house and wont want the money back? Cant seem to find anything online Comment from : D T93 |
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Hi I am first time buyer My mother in law is gifting me 36K, she has asked her son and daughter give her money they owed her and incl her 3 savings been gifted me I am wondering if this will not be acceptable Comment from : crazy family |
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What if you're a cash buyer? So basically no mortgage involved So what would solicitors like to see if money is gifted? Would they have a problem if multiple friends and family were to gift 5k each? Or even a big lump sum from an uncle who is a businessman as a interest free loan? Would these options be a problem as there is no mortgage or bank involved Any idea what the process would be and what documents if any are required Thanks Comment from : 1987kahil |
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they're an out of date institution and work backwards! Comment from : healthiswealth |
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Hi 👋 brbrI understand if a private person sends u gift through bank but what about if a family member has a company and he is going to send it from his company account to me ? Do the solicitors need the bank statements as well in that case ? Many thanks Comment from : Richard Manner |
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Amazingly explained In my scenario, my mother wants to help me to pay for the deposit She works as living carer in Italy and she is being paid cash in hand So she wants to gift me €17,000 What will happen in this case sir ?? And how can I bring money in legal way Comment from : sara chhetri |
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Hi there brJust applying for mortgage just a question about proof of funds for deposit brThe last 6 months of deposits to my building society account have all been from sale of a car and motorbike which I have receipts for that were paid to me in cash which I deposited in stages over last 6 months brDoes this qualify for proof of funds please ? Comment from : simon dring |
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Information fellow Comment from : Ape Lion |
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What's the situation if funds were transferred over 6 months before mortgage application by parentsbrbrIn my situation it is my own money which they sending me backbrbrDo I still take this as a gift? Comment from : Ash patel |
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Thank you for your comprehensive information Ali Comment from : Meta Moment |
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