Solicitors fees-signing a gift of money for deposit

snowflake1989

Hi all i am aware you have to get someone to witness signing over a gift of money from parents for the deposit any rough ideas on how much a solicitor will charge?!

Addle

Why does it have to be signed over and witnessed if it's a gift?

Ehhh, I really don't think you do. One bank accepted a letter from my parents saying they'd provide a gift and another just took our word for it.

Anyway to have a solicitor sign and stamp something costs €10-20 from my experience. But you don't need it here

snowflake1989

Lara Old-fashioned Pedestal wrote: »

Ehhh, I really don't think you do. One bank accepted a letter from my parents saying they'd provide a gift and another just took our word for it.

Anyway to have a solicitor sign and stamp something costs €10-20 from my experience. But you don't need it here

Hi oh i thought you did awh perfect if you dont rhanks for the reply

snowflake1989

Addle wrote: »

Why does it have to be signed over and witnessed if it's a gift?

Hi i just thought i read somewhere that you have to so the bank is aware they have no interest in the house .. but seems now you dont need it? Thanks

GingerLily

snowflake1989 wrote: »

Hi i just thought i read somewhere that you have to so the bank is aware they have no interest in the house .. but seems now you dont need it? Thanks

We did, maybe it is something to do with the value of the gift?

drinkingwater

Just Google gift letter template aib

miezekatze

snowflake1989 wrote: »

Hi i just thought i read somewhere that you have to so the bank is aware they have no interest in the house .. but seems now you dont need it? Thanks

We needed a letter like that too (there are templates available online), but it didn't have to be signed by a solicitor. Maybe check with the bank what exactly they need, but I've never heard of anyone having to get it signed by a solicitor before.

GingerLily

miezekatze wrote: »

We needed a letter like that too (there are templates available online), but it didn't have to be signed by a solicitor. Maybe check with the bank what exactly they need, but I've never heard of anyone having to get it signed by a solicitor before.

We did, the bank and my solicitor insisted.

They also had to go to an independent solicitor, my solicitor said she couldn't sign it, as she was representing us.

This was in January this year.

4ensic15

snowflake1989 wrote: »

Hi all i am aware you have to get someone to witness signing over a gift of money from parents for the deposit any rough ideas on how much a solicitor will charge?!

To witness the swearing of an affidavit, a solicitor will charge €10. The drafting of the affidavit is a separate matter. Are the bank and the solicitor insisting that the parents are advised as well?

myshirt

4ensic15 wrote: »

To witness the swearing of an affidavit, a solicitor will charge €10. The drafting of the affidavit is a separate matter. Are the bank and the solicitor insisting that the parents are advised as well?

+2euro per exhibit

RunRoryRun

Addle wrote:

Why does it have to be signed over and witnessed if it's a gift?

We had to do it recently for Ulster Bank. Your solicitor will usually have a reciprocal relationship with another firm and arrange it for your parents to drop in.

We had already provided a letter but bank wanted a form filled out / witnessed by an independent solicitor who can advise your parents that they are at the bottom of any list for funds to be repaid should the mortgage fall into arrears and be repossessed. Despite it being a gift, they are thorough and want no potential claim before they get their money.