B
brav
Guest
Hi,
I have seen on here people using gift as deposits for houses and as long as you get a declaration of no interest, which my parents signed and I have given to bank, usually no problems.
In our case bank has come back to us asking how my parents got the money for the gift, whether from savings or loan and if from savings they want statements showing it.
Is this normal?
I'm not aware of how they got the money I'm sure some was savings but some maybe loan, don't feel its right for me to ask this as they have given gift to me and they have signed the declaration of no interest.
Thanks for any input
I have seen on here people using gift as deposits for houses and as long as you get a declaration of no interest, which my parents signed and I have given to bank, usually no problems.
In our case bank has come back to us asking how my parents got the money for the gift, whether from savings or loan and if from savings they want statements showing it.
Is this normal?
I'm not aware of how they got the money I'm sure some was savings but some maybe loan, don't feel its right for me to ask this as they have given gift to me and they have signed the declaration of no interest.
Thanks for any input