Hey morning. My girlfried and me earlier this week went to arrange our mortage on her parents house where we all live.
The purchase price agreed with parents is £150k on a value of around £200k. On top we added £12k deposit from our savings. Santander originally agreed to offer at 25% loan to value but now say no because its under value and we arnt married.
So who might lend where its part gift from parents as a discount and part cash deposit? We are FTB, both working, with decent credit history.
Questions And Answers
Santander changes mind
asked by Jay Goyandka posted 11 Months ago at 9:16
1-1 of 1 Answers
Quentin Cooke answered 11 Months ago at 11:49Seems odd, but often Santander doesnt make sense.
Might be worth re-checking with them, but go and see an adviser or mortgage broker..
I guess parents gift needs to be clearly identified as a true gift so its not seen as a soft loan by a lender.
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