Gifted Deposits in Conveyancing

In this Conveyancing Matters chat, Lorraine and Stu talk about the very common situation of gifted deposits in conveyancing purchases. We look at the issues arising from the so-called “bank of mum and dad” for conveyancers and their buyer clients. We talk about a wide range of issues including: • How does a conveyancer find out where the buyers’ deposit is coming from? • The requirements of the lenders • The need for clients to be truthful about source of funds • The fact that a gift is a ...