Someone i know is getting a mortgage (not me but close to me)
They don't have the deposit. It is being gifted to them by a family member.
The mortgage company (Santander) is saying that the gifter will therefore have to be on the mortgage as they will be on the deeds with a legal interest in the house.
That cant be right can it? I have told friend to sort it out with Santander (obvs) but they are hard to get ANY consistent advice from.
Would anyone know please?