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Mortgage gift to family member

  • 07-09-2018 9:24pm
    #1
    hillbloom
    Registered Users, Registered Users 2 Posts: 852 ✭✭✭


    I am considering helping a family member with a gift of about 20,000.  What is involved in this process.  I read on a different forum, the bank may ask to see MY Bank Statement. Is this correct?  


Comments

  • #2
    TomOnBoard
    Registered Users, Registered Users 2 Posts: 5,122 ✭✭✭TomOnBoard


    hillbloom wrote: »
    I am considering helping a family member with a gift of about 20,000.  What is involved in this process.  I read on a different forum, the bank may ask to see MY Bank Statement. Is this correct?  

    The bank may want to see that you have it. Youll just have to sign a form relinquishing any claim against the property in the future.


  • #3
    Bank of Ireland: Darren
    Closed Accounts Posts: 991 ✭✭✭Bank of Ireland: Darren


    hillbloom wrote: »
    I am considering helping a family member with a gift of about 20,000.  What is involved in this process.  I read on a different forum, the bank may ask to see MY Bank Statement. Is this correct?  
    Hi there, 

    Thanks for getting in touch with us here.

    This would be dealt with on a case by case basis. I'd ask your family member to contact their mortgage adviser and they'll be able to have a look into their application to see exactly what is needed. 
    Thanks again, 
    Darren. 


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