An arrangement where a property is sold for less than market value, with the difference between market value and the lower price treated as a gift towards the buyer’s deposit.
By Justin Whitelock
Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)
An arrangement where a property is sold for less than market value, with the difference between market value and the lower price treated as a gift towards the buyer’s deposit.