First time buyers here.
We have saved up the deposit on our own, saved up enough for fees too. Unexpected expenses in regards to surveys and other things (not really sure what to be honest) so we borrowed a couple of grand from a friend to help with the extra expenses and for the overlap of rent and mortgage and moving fees. Just really to give us a buffer.
This money is a loan not a gift however it is not for the deposit, we had the money for the deposit in our banks when we made the offer on the house.
We are now filling our paperwork and have a Gifted Deposit Declaration form. Does this money count as a gifted deposit? Do we need to clarify on the form or do we even need to bother with this form?
We have already sunk a couple of grand and would not a get a chance to buy again as since we have had our offer accepted we have been priced out of the area. within a matter of months.
Any advice would be appreciated, solicitor isn't open until Monday and I just can't sit around all weekend worrying.