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Deposit sources
The following types of deposit are acceptable:
- Savings
- Sale of property or equity release
- Sale of shares or crypto currency
- Inheritance
- Gifted deposit from a family member (A family member is considered to be a close relation defined as a spouse, domestic partner, grandparent, parent, sibling, half sibling, aunt, uncle, cousin, in law relation or step relation)
- Deposit boosts - via our deposit boost agreement
Vendor’s deposits are not accepted.
Unsecured loans are not accepted as a deposit.
Where the deposit funds are coming from overseas, further due diligence checks will be applied.
Where the funds are the product of Crypto currency trading, please refer to the acting conveyancer for further guidance on acceptability.