Confirmation of the source of any equity contributions. e.g. defined savings record or documentation regarding the sale of assets such as property stocks and shares or Life Policy.
Where a borrower’s contribution is coming from a third party, a Deed of Waiver completed by that party will be required. Deed of waiver is required at completion stage and that only the name of the donor is required for loan offer..
We no longer offer ‘no deposit’ mortgage lending. The appropriate deposit (e.g. 10% of the purchase price) must be funded by the applicant.