regarding the £62,500 cash savings option
Mar 21st 2015, 4:01 pm
#1
Forum Regular
Thread Starter
Joined: Dec 2008
Posts: 267
regarding the £62,500 cash savings option
Can i include my parents savings/retirement account, we will be staying with them for a bit once we become settled in. And they want to help financially.
Or does it absolutely have to be just my savings ALONE?
Or does it absolutely have to be just my savings ALONE?
Mar 21st 2015, 4:08 pm
#2
Concierge
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 27,216
Re: regarding the £62,500 cash savings option
It has to be money in your account, and can't even be a loan, any money towards it MUST be a gift. The only thing they could do is to give you the money, but then it would have to stay in your account. It has to be in an account you have access to.
Mar 21st 2015, 4:10 pm
#3
Forum Regular
Thread Starter
Joined: Dec 2008
Posts: 267
Re: regarding the £62,500 cash savings option
ok and how long does that savings account have to be untouched for? 5 years?
Mar 21st 2015, 4:17 pm
#4
Lost in BE Cyberspace
Joined: May 2010
Location: San Diego, California
Posts: 9,662
Re: regarding the £62,500 cash savings option
You have to have it under your control, in your account for a minimum of 6 months. ...... and you need a letter/document from parents saying this is a gift not a loan and does not require re-payment.
