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The following types of deposit are acceptable:
- Sale of property or equity release
- Sale of shares or crypto currency
- Gifted deposit from a close relative
- Deposit boosts - via our deposit boost agreement
Vendor’s deposits are not accepted.
Unsecured loans are not accepted as a deposit.
Proof of deposit
If any of the funds being used for the deposit have been gifted to the owner(s) we will require a gifted deposit letter to be completed by the giftor. Any other proof of deposit documentation is only required by Generation Home when requested. The acting conveyancer will always complete thorough checks in regards to the deposit funds.