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Co-habiting / Common Law Gifted Deposit Advice

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  • Co-habiting / Common Law Gifted Deposit Advice

    Halifax state they will accept a gifted deposit from the partner of a mortgage applicant on the basis they are cohabiting / common law. Does anyone know if they would accept it from the partners parents?

    Similarly Natwest state they would accept a gifted deposit from "Third Parties" subject to a letter stating they dont require reimbursement or have any interest in the property. Does anyone know what constitutes as a third party in this instance?

    If anyone works / has worked at either bank or has dealt with them in the past or is dealing with them currently I would greatly appreciate your advice.

    Kind Regards

  • #2
    Hi there,
    I suppose that you have already found the answer in the meantime, but as people are still viewing this question, let me post a reply for reference. I am a mortgage broker, so do deal with Halifax and Natwest as well.
    Halifax - the answer is no. Their list of who they accept gift from is quite clear and while parent-in-laws are acceptable, parents of an unmarried partner aren't.
    Natwest - third parties can be your partner's parents. In other words, Natwest doesn't really have any restrictions on who gives the gift as long as they are willing to sign a piece of paper regarding where the money comes from, what their relationship is to you and that they don't want anything in return for the money.
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