u/1C8F6C6

On Monday we had our mortgage approved after the lender valued the house so we’ve started doing solicitors forms.

The house is £325k, we are putting down £32.5k 10% and in November 2024 (so 18 months ago) my partner received £3k (to a current account that was then put into his LISA) from a grandparent which we didn’t declare on the mortgage application. Very naive on our part however we assumed “gifts” were more substantial sums a lot closer to the time of purchase however the solicitors have said it’s a gift and should have been declared to the lender on application.

Is this likely to screw up our already approved mortgage at all or just cause a tiny bit of admin?

Obvious answer is of course ask our mortgage advisor but they are off this afternoon so would appreciate Reddit (hopefully) putting our minds at ease until tomorrow morning!

FTB here - has anyone ever experienced a situation whereby the conveyancing solicitors are only able to use one government bonus component towards the deposit when buying as a couple with two separate LISAs?

For example:

LISA 1 - £20k (£16k + £4k govt bonus)

LISA 2 - £10k (£8k + £2k govt bonus)

= £30k but only £28k can be used for the deposit as LISA 2’s govt bonus “doesn’t count”

Our mortgage advisor has said she saw this situation recently with one particular solicitors.

We are on the verge of instructing our solicitors however the individual we want to use is on leave until next Wednesday and her conveyancing assistant didn’t know the answer (i basically asked “can you confirm if we use you we would definitely be able to use the entire contents of both our of LISAs including both government bonuses”).

Ideally need to know next 24 hours as the sellers will want us to have instructed someone before the weekend - thanks if anyone can help.