My sister is giving me a loan of 20k towards my home loan mortgage, and I will pay her back interest free but will add inflation in the 5 year period, when this gets lodged into my mortgage account will questions be asked where I got the money from,because someone in work said if more than 5k is put into a bank account the bank have to tell the revnue and if so what type of questions,
Bank will only lend and take account of the extra money if that extra money is an outright gift - i.e. its not a loan that needs to be paid back because that affects ability to borrow.
Sister is not gifting - she is lending and she does want her money back.
Here are two diametrically opposed positions. No problem if parties never fall out - big problem if there is a falling out.