u/xenreh

Hello!

So I’m buying my first house and basically me and my partner have been sending my parents money for the last few years saving up for the deposit. They have now sent the money back so I can give proof of funds, however, I’m unsure how to proceed.

Do I state it’s a gifted deposit or would I advise of the proper circumstances?

My mortgage broker said to do gifted as otherwise they’ll have to go back and search for each payment we have made to them for it. I’m confused and unsure as my parents said to tell them the exact situation.

Thank you for your advice.