Hi alex, my brother recently did this to get onto the property ladder, me and my partner are currently saving our deposit but are going to attempt this as we really wanna begin the process lol
Lol! Ok no worries, lets talk! Please book a free no obligation chat in my diary and choose "Analysis call" - Link here outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/
Some of them are on hold, but more each week are innovating and using “AVMs” which is an automated valuation where the lender does not need to go to the property, and this is working well 👍🏻
Unfortunately this will not work hand in hand with the equity loan. Do you have a deposit or is that the issue ? We have a different option for this... Are you considering buying ?
@@alexkerrmortgage I'd actually withdrawn my offer recently. I was wondering how it would work since I had a deposit but the developer offered £12k of the purchase price - was curious to know how it would impact me. (basically a 5% deposit and 5% reduction in price) - I'm waiting until June to re-evaluate the situation and if the property is still available would that mean potentially I'd be eligible for a 90% LTV (without having to go via HtB??)
@@sureshliyanarachchi5449 that is a possibility but depends on other factors! Please just book a free analysis call with us in June. Here is the link, just choose a day and time and we can go through your options. Link here - outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/ :-)
Will you be able on the start of October help us with Mortgage offer and Apply Gifted deposit I will sell my property to my step son I purchase the Property with first Time scheme with 20% discount from develoer which I have to transfer to another purchase
Hi alex can i buy property with gift deposit for buy to let using limited company if so please introduce me tou your solicitors and if possible provide me a lender . Thanks
Hi if you do a vendor gifted deposit does that come off the total equity you have in the home for example if the house was 110 and you bought for 90 you would only have 10 thousand not 20 thousand equity as you have used 10% as deposit . Sorry if its a dumb question I'm in similar position but the difference in price and value is quite alot cheers
hippo love you would have the full 20k equity in this instance if it was worth 110k and you purchased it for 90k. So it works out at about 18% deposit (20k). Does that make sense ? Alex
@@alexkerrmortgage that's cool then do you have an email speaking to a few mortgage advisors to see where I stand. Partners dad put alot of money into house want to make sure I secure a mortgage cheers :)
Hi, a property we’ve been renting for 2 years… the owner is open to us going down the vendor gifted deposit. Can you assist with looking into this further ? Thanks.
![Mortgage Deposits UK - [All you need to know] House Deposit UK](http://i.ytimg.com/vi/VwtfamB139g/mqdefault.jpg)
⚡QUESTION OF THE DAY: Do you want to buy a property using a vendor gifted deposit ? LMK! 👇👇👇
Hi alex, my brother recently did this to get onto the property ladder, me and my partner are currently saving our deposit but are going to attempt this as we really wanna begin the process lol
Lol! Ok no worries, lets talk! Please book a free no obligation chat in my diary and choose "Analysis call" - Link here outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/
Hi Alex, don't you need 20% / 25% deposits to purchase a property?
Hi TheIslambasic, thank you for your quesion. The minimum is currently a 5% deposit! Is this something you are considering ? Best, Alex
I and my steps son are in the position to solve these situation
That’s excellent. Good luck.
Just discovered your channel, what's the current situation with lenders?
Some of them are on hold, but more each week are innovating and using “AVMs” which is an automated valuation where the lender does not need to go to the property, and this is working well 👍🏻
How does this work in conjunction with help to buy equity loans??
Unfortunately this will not work hand in hand with the equity loan. Do you have a deposit or is that the issue ? We have a different option for this... Are you considering buying ?
@@alexkerrmortgage I'd actually withdrawn my offer recently. I was wondering how it would work since I had a deposit but the developer offered £12k of the purchase price - was curious to know how it would impact me. (basically a 5% deposit and 5% reduction in price) - I'm waiting until June to re-evaluate the situation and if the property is still available would that mean potentially I'd be eligible for a 90% LTV (without having to go via HtB??)
@@sureshliyanarachchi5449 that is a possibility but depends on other factors! Please just book a free analysis call with us in June. Here is the link, just choose a day and time and we can go through your options. Link here - outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/ :-)
Will you be able on the start of October help us with
Mortgage offer and Apply Gifted deposit
I will sell my property to my step son
I purchase the Property with first Time scheme with 20% discount from develoer which I have to transfer to another purchase
Yes indeed, can help with that! Just book a free chat here - link.alexkerr.co.uk/mortgage
Hi I’ve been trying to do this but a mortgage broker said I’d still need a 10% cash deposit on top of the equity gift
Unfortunately gifted deposit options have narrowed since the pandemic, so this is possible that the lender could be requesting this.
Does this still work in 2024?
Sorry, afraid not… However there are 100% mortgages. Do you rent it at the moment?
Hi alex can i buy property with gift deposit for buy to let using limited company if so please introduce me tou your solicitors and if possible provide me a lender . Thanks
Unfortanately vendor gifted deposits are more difficult since the pandemic, buy to let side of this not really my expertise.
Hi Alex is this still possible today
It’s not as easy, hopefully will come back soon!
Hi if you do a vendor gifted deposit does that come off the total equity you have in the home for example if the house was 110 and you bought for 90 you would only have 10 thousand not 20 thousand equity as you have used 10% as deposit . Sorry if its a dumb question I'm in similar position but the difference in price and value is quite alot cheers
hippo love you would have the full 20k equity in this instance if it was worth 110k and you purchased it for 90k. So it works out at about 18% deposit (20k). Does that make sense ? Alex
@@alexkerrmortgage that's cool then do you have an email speaking to a few mortgage advisors to see where I stand. Partners dad put alot of money into house want to make sure I secure a mortgage cheers :)
hippo love alex@mortgagechain.co.uk
Hi, a property we’ve been renting for 2 years… the owner is open to us going down the vendor gifted deposit. Can you assist with looking into this further ? Thanks.
Hi there, sorry for the delay. You can sometimes maybe gift 5% of the deposit and would likely need a 5% deposit yourself?