12 May 2021
If the applicant(s) is receiving a gift from a third party the Society will consider the application provided the gift is unconditional, bears no interest, is not repayable and the donor will have no interest in the property. The applicant will be required to confirm their relationship with the donor.
The Society will not accept deposits from employers / landlords or from any commercial sources or unrelated third parties.
The Society will make an additional assessment of the case where the gifted deposit is from a family member who is also the vendor.