- Equity Gifts
- Cash Gifts
- Builder Gifts
- Landlord Gifts
- to 95% Loan to Value
- Common Sense Decisions
- Non Family Members Considered
Mortgages with Gifted Deposit
We are often asked by clients whether we can help them arrange a mortgage if all or part of their deposit is gifted to allow them to purchase a property. This is sometimes also called a Concessionary purchase or Concessionary Sale.
This may be necessary, for instance, if parents wish to give a cash gift to children to help them purchase a property. Alternatively, if parents own a property they may wish to gift equity in the property to children to allow them to purchase it from them.
The gift could either be in the form of cash – termed a “Cash Gift”. Alternatively, the gift could be in the form of equity in the property that is being purchased- termed an “Equity Gift”.
The gift could also come from or be given to a Limited Company, Partnership or Trust.
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