The Seven-year gifting rule can remove an outright gift from an estate for Inheritance Tax purposes if the donor survives for seven years, but that shorthand hides several important conditions. For a family transferring property, investments or a substantial deposit,...
A joint borrower sole proprietor mortgage, often shortened to a JBSP mortgage, allows more than one person’s income to support a mortgage application while only one person legally owns the property. This arrangement is commonly considered when a first-time buyer...
For a first time landlord buying through a limited company, the margin for error was already thin. A riverside apartment in Woolwich, bought off-plan, with completion fast approaching — and a stack of complications that would make most lenders look the other way. No...
There’s a particular moment a lot of first-time buyers reach: the mortgage in principle comes back lower than hoped, the flat you liked needs another chunk of deposit you don’t have, and everyone around you seems to be moving except you. We see this stage...
If someone is helping fund your deposit — a parent, grandparent, or other family member — your lender won’t just take their word for it. They’ll want it in writing, in a specific form, before they’ll release funds. That document is usually called a...
