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Family gifted deposit

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Hello all,

I'm new here, and I hoping someone can help.

Basically, I'm a FTB and my family are looking to help me with my deposit. I have saved up 40% and a close family friend has said they will lend me the other 60% for my deposit. They have offered very generous pay back terms.

I know mortgage lenders will not like this, so I'm think of having the money transferred to my parents bank account and then have them write me a cheque and sign a letter to say its a gift and they don't expect to be paid back.

My question is, would this suffice to get round the mortgage checks? Would the lender do a check on my parents bank account?

Any help is appreciated.

Thanks,

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