GIFTED DEPOSIT MORTGAGES. A gifted deposit is a sum of money given to you by a third party as a deposit on a property. There are currently five options currently available for gifted deposit mortgages. These are available on residential and Buy-to-Let purchases.
Assessable income is the income we use to work out your payment rate. If you have a partner, we take both of your incomes into account. Examples of assessable income include: deemed income from financial investments, including money in superannuation funds if you have reached age pension age.
The 2013/14 HBAI reported that 15% of people had a relative low income (below 60% of median threshold) before housing costs. Data from HMRC 2012-13; incomes are before tax for individuals. The personal allowance or income tax threshold was Â£8,105 (people with incomes below this level did not pay income tax).