Can I use gift money ($20,000) to help pay for the down payment on an investment property?

Me and 2 of my partners need an extra 20,000 to cover the down payment on an investment property. The house is 200,000. We are looking to take out a 160,000 mortgage. We are short 20,000 and one of our partners direct relatives is willing to help us out and 'gift' us 20,000 towards the DP. Is this... show more Me and 2 of my partners need an extra 20,000 to cover the down payment on an investment property. The house is 200,000. We are looking to take out a 160,000 mortgage. We are short 20,000 and one of our partners direct relatives is willing to help us out and 'gift' us 20,000 towards the DP. Is this allowed? What banks will accept this?
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