Vendor Gifted
Deposit Mortgages

Vendor Gifted Deposit Mortgages

Vendor Gifted Deposit Mortgages - Vendor gifted deposit mortgages are mortgages where the seller of the property funds the deposit of their property as a gift to the buyer. Vendor gifted deposit mortgages are ideal when market conditions restrict the number of high loan to value ratio mortgages on the market. Vendor gifted deposit mortgages may suit first time buyers or individuals who may not be able to raise enough money for a deposit, but can afford mortgage repayments. In general, vendor gifted deposit mortgages require that the vendor deposits between 5 – 10% of the value of the property and as a result, in many cases , the purchaser may need to fund the rest of the deposit. Vendor gifted deposit mortgages are not available from all lenders, as some may not recognise gifted deposits.

As a number of lenders do not offer vendor gifted deposit mortgages, assistance from a bespoke mortgage provider is advisable. Our professional team has a whole of market contact base and are able to secure vendor gifted deposit mortgages for our clients. We consider a range of lenders and their available products, and ensure that the terms and conditions on vendor gifted deposit mortgages are right for your individual needs and requirements.

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Capital Fortune
City Office

14 Nicholas Lane
London
EC4N 7BN

Need Help?Contact one of our Capital
Fortune mortgage brokers
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The overall cost for comparison on residential mortgages is 4.5% APR. The actual rate available will depend on your personal circumstances.

There will be a fee for our mortgage advice, the precise amount will depend upon your circumstances but we estimate that it will be £995, payable £495 at the outset but refunded if your mortgage application is declined upon initial underwriting. The balance of our fee is typically paid on completion. Your fee will not be refunded should you withdraw from the process or not accept our recommendation. Ask your Advisor for confirmation of our fees which we will email to you in an Initial Disclosure Document (IDD). You can find further information on our Terms of Business here.

The Financial Services Authority does not regulate some forms of buy to let, commercial mortgages, secured loans, bridging finance, trusts and conveyancing.

Capital Fortune Ltd is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Services Authority. Capital FortuneLtd Registered office address: 14 Nicholas Lane, Bank, London, EC4N 7BN. Registered in England and Wales No. 05683249.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

The Financial Services Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, conveyancing or debt management.