Gifted money and TOE

A question about : Gifted money and TOE

Another question.... TIA

I currently have a joint mortgage with my soon to be ex partner.

House value approx. Ј200k. Current mortgage Ј110k.

I have Ј20k in savings which I will be using to pay OH (amount agreed by us both, reflects the Ј50k deposit I put in).

I will be getting some money via my parents (inheritance from grandfather). We haven't decided on the final amount but it will be somewhere between Ј30k and Ј50k.

I will therefore need to borrow Ј60 - Ј80k in my own name. This shouldn't be a problem based on my income, outgoings, etc.

I have all the payslips, bank statements etc. Just wondered the best way to go about transferring the money from my parents - should I get it in my account now, so it's showing on bank statements? Or do I leave it with them for now and get a letter saying it's a gift? Or something else entirely?

Best answers:

• Leave it with them and prepare a gift letter when the time is right.
• Thank you love it when an answer is that clear!