GIFTED DEPOSIT MORTGAGES. A gifted deposit is a sum of money given to you by a third party as a deposit on a property. There are currently five options currently available for gifted deposit mortgages. These are available on residential and Buy-to-Let purchases.
Assessable income is the income we use to work out your payment rate. If you have a partner, we take both of your incomes into account. Examples of assessable income include: deemed income from financial investments, including money in superannuation funds if you have reached age pension age.
Definition of assess. 2a : to impose (something, such as a tax) according to an established rateb : to subject to a tax, charge, or levy Every homeowner will be assessed a tax according to the value of the property. 3 : to make an official valuation of (property) for the purposes of taxation Their property is assessed at $200,000.