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This table shows the different repayment options that we accept and the evidence we'll need. *** The variable rate is equal to HSBC Prime Rate -0.60%. We will accept self-employed incomes which include government Self-Employed Income Support Scheme (SEISS) grant income. %PDF-1.6 % Where the first years HMRC documents HAVE NOT been provided: Last two years finalised financial accounts, the latest of which must be dated within the last 18 months. UK sterling cash savings (Savings, Investments, Cash ISA, Premium Bonds, Sharesave). Fixed Fee - No Extra Charges for Gifted Deposit No Sale No Fee On all Mortgage Lender Panels. Although, this may delay your mortgage application. Santander updates proof of deposit requirements endstream endobj startxref Forms | Leeds Building Society for intermediaries The witness cannot be a family member or someone who benefits from the transaction. Virgin Money for Intermediaries L&G new build valuation challenge form. Criteria: The lender will no longer accept mortgage deposit funds from 34 countries, including gifted deposit applications. Must be dated within the last 4 months and indicate that a customer/financial relationship exists. If the deposit gifter dies within seven years of the money being gifted, inheritance tax may be charged on the money. endstream endobj startxref 1146 0 obj <> endobj Rate is only available for residential mortgages, a higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC's standard lending guidelines. Each donor should produce their own gift letter (unless they are a couple when a joint letter is sufficient). A gifted deposit letter is reliable money given to a homebuyer by somebody, commonly a family member in some or full amount towards their deposit. All rights reserved. The applicant(s) name and address are the same on all the documentation provided. We comply with the Solicitors' Code of Conduct published by the Solicitors Regulation Authority (SRA). 1. There are two options for supplying business bank statement data to us: Additional information (i.e. OUR DETAILS The customer (s) must provide a CRA report from their previous country of residence. 020 7036 2000 15-18 Rathbone Place, London, W1T 1HU info@masthaven.co.uk . Wondering if anyone has experience or noticed this. Forms And Downloads | Help - HSBC Expat Login - RevolutionIdP Your last 2 years' finalised accounts (the most recent year must be dated within the last 18 months). 1. It needs to include: Their name. Visit the Halifax Twitter page. Include purchasers full names and current address in the letter. Youll also need the person who sent the gift to agree they have no stake in the property, Inheritance tax may be charged if the person giving the deposit dies within seven years, Some lenders have strict rules about who can gift a deposit, so check these before you apply, A statement that the gift has no commercial interest, Confirmation that the gift giver has no stake in the property, Confirmation that the gift giver can afford to give you the money, Siblings, half-siblings, step-siblings, brothers and sisters-in-law, Applicants' children, step-children, sons and daughters-in-law and adopted children, An aunt or uncle who is not your blood relative, The gifter must agree to have no claim over the property and not want any of the money to be repaid, If the gifted deposit is the result of inheritance, you might need to provide a copy of the will, A gifted deposit doesn't have to make up all your deposit.