Concerned about inheritance tax on my properties find out about the role of mortgages in succession planning and Gifted Equity Deposit. Why Gifted Equity Deposit are being used. Landlords face a dilemma as old age sets in; they could be sitting on a number of properties in their estate and face a huge 40% tax bill unless they make succession plans to pass the property on to their children in … [Read more...]
Mortgage rules on gifted properties from parents and family
A guide on the different Mortgage rules on gifted properties from parents and family also known as gifted equity and using this gift as your main deposit So you’re lucky enough to be a potential beneficiary a gifted property from your parents. The difficulty is your parents have a mortgage on the property and want this to be repaid as part of the gift. You in return will also like to use the … [Read more...]
Gifted deposit or gifted equity mortgages
Gifted deposit or gifted equity mortgages how they work and what is the process. Reading up on a subject on the internet is helpful but can fall short on delivery, for instance, one of their biggest searches on our website is ‘gifted deposits’ for mortgages. Invariably applicants digest this and then on their own try and make it work for them – only to call us part way through the mortgage … [Read more...]
Gifted Deposits for Mortgages
Can I fund my mortgage deposit by a gift? Who can make gifts towards a purchase of a property? What happens if my deposit money is coming from abroad? And many more ‘gifted deposit’ questions answered by resident mortgage expert Mr Payam Azadi The reality is the first time buyers today are not normally as affluent as their parent’s generation. The culture of saving has diminished as more … [Read more...]
Getting a Mortgage with a family gifted deposit
How we can help with gifted deposit Mortgages Give you advice around lenders criteria and family gifted deposits Who can make a gift and how it can be made Overseas gifts and money laundering rules Gifted equities - meaning actual % of property is going to be gifted Builder incentives and discounts Advice around template letters for gifts and access to our own bespoke … [Read more...]