Can you help with Gifted Deposits?

 

Requirements

Quite often we understand that borrowers will not have access to a full deposit or any deposit at all. Family gifted deposits are acceptable from a close relative to the applicant.

The donor will be required to sign a gifted deposit form provided by the lender, or provide a signed letter to confirm that the deposit is non-refundable and that no interest will be payable.

In most cases, the donor will be required to confirm that the deposit is non-refundable and that no interest will be payable. Mortgage lenders reserve the right to request bank statements from the donor to confirm where the funds have come from and to show the build up of funds.
 

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