Can I use money from an unsecured loan as my deposit?

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July 8, 2024

J
John Li

No. We won’t accept unsecured loan money as a valid deposit.

We do accept these types of deposit funds:

  • Savings
  • Equity Release (like selling another property)
  • Gifts or Gifted Equity
  • Money from a Pension Pot
  • Endowments or Shares
  • Contribution from the builder (but it can’t be more than 5% of the purchase price)

Our conveyancers will need to confirm proof of your deposit before the purchase is finalised.

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