Gift towards deposit.

Hi. My husband and I have been offered a gift of 40k to help towards our first house deposit from my parents. Will banks find this acceptable in a mortgage application? We have also saved €15000 so far. Are there any possible tax implications from receiving such a gift?

If you search on here you'll find loads of similar questions about the gifting of funds towards the purchase of a house. As for the mortgage application, affordability will be key for the banks - could you afford the mortgage you want if interest rates rose (say) 2%?