<rant> This evening I are mostly hating bankers

Yep , and a gift can be taxable .

It gets worse , me and my brother have just bought some property
together , i write a cheque out to cover the cost , bank stops
payment because it was 'high value' , the fact that i had already
forwarned them of my intentions seemed to have been missed ,
fortunatly the vendors are known to us and a phone call to keep them
informed smoothed the waters .

Said bank (bank of scotland) have now been kicked into touch useless
wankers

 

A separate issue easily dealt with without all invasive intrusion.

But you may then have to account for how you came by said funds. That's my
fucking business, not the State.

 

The whole things a joke , do they really believe that your going to
have a bank account marked up drug fund profits or the like .

 

we live in a Fiat Money economy - all money does belong to the state.
As is the case in pretty much the rest of the world. If you don't like
it, go out and buy commodities.

 

You are Max Keiser AICMF crumpled shirt

 

The same regulations which means banks get all sniffy about moderate
cash deposits >£5k IIRC.

 

He means a maximum of 90% loan to value so 10% needs to be funded by
the buyer, not the money the solicitor holds as a deposit.

 

Sure #2 had to come up with 25% for her place, no way could she get
10% and 15% was another 1% on the interest.

 

You sure? I took it that he means the usual 10% payable on exchange.
It can be a problem if someone is a first-time buyer.

 

FFS, 5K is bad enough but 2K whilst I'd not want to lose it is hardly
a great deal of money these days.

Yep & I don't believe all this MLR bollox either, it's to try and
curtail cash jobs that deprive the exchequer of the opportunity to be
able to waste even more money.

 

From the context of the bank dropping their valuation by the same 10%,
it seemed quite clear that he was talking about them only lending 90%.
It's payable as part of the exchange, yes,

But anyway, you don't seem to be talknig about anyhting differnt to
Higgins anyway.

 

Not just deposits, withdrawals. I go ape when I'm standing in the bank with
my card and passport, tell them I want 10k in cash and they refer me to the
Manager. FRO you cunts it's MINE.

 

It's ALL about tax.
Kruggerands mate. Only way.

Or sensible offshore banking.

It's making the buying/selling of serious used motors, like 30k worth, a big
problem. It has to be cash for a private sale, nothing else is secure.

 

When I sold the Sprint ST last year, I deposited the £4800 in readies
with nary a raised eyebrow from the cashier.

 

As Ace says below/above, the fact that the bank will reduce the
valuation to reflect the "gifted deposit" makes it crystal clear that
Rope was referring to the buyer's stake in the deal rather than the
deposit handed over at exchange.

It seems that you need 10% in cash to even get a sniff of a mortgage
at the moment and you need >20% to get a decent rate.

 

Good Ged, no!

HSBC, although I'm actually with First Direct.

 

Which seems as it should be.
I'd add a max of 3x single income or 2.5x double income.

That should sort some issues out.

 

Just like in t'old days, eh? They were certainly the rules when I took
out my first mortgage in ~1981.

 

IIRC, it was still the rules when I got my first mortgage in 1995. Of
course, one didn't actually need 3x income to get a half-decent place,
even in Middlesex.

 

That's the problem right enough, Shabby were clueless enough before
the takeover/merger.