Glossary - Index "G"
Real Estate Terms and Site Index "G"
- Gifted Deposits (GD) - a method of purchasing a property where the seller gifts to you the deposit for the property you are purchasing off them. Builders sometimes give gifted deposits on new developments making it a "no money down deal". As the maximum LTV (loan to Value) on a Buy-to-Let mortgage is 85% the gifted deposit would be 15% in this case.
Never rely totally on this information which relates primarily to England & Wales. Before taking action or not, seek expert advice with the full facts of your case and all documents to hand.
