Gifted-deposit-form 2026

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The document is a Gifted Deposit Form used for confirming that a deposit for a property purchase is being gifted by an individual. It requires details such as the mortgage application number, names and addresses of both the applicant(s) and the person gifting the deposit, their relationship, and the amount being gifted. The form includes declarations regarding the nature of the gift, occupancy rights, and consent for verification searches. It also notes that gifts are not accepted from non-UK residents.

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Click ‘Get Form’ to open the gifted deposit form in the editor.
Begin by entering the Mortgage Application Number at the top of the form. This is essential for tracking your application.
Fill in the full name of the applicant(s) and their address, including postcode. Ensure accuracy as this information is crucial for processing.
Next, provide details about the person gifting the deposit. Include their full name, address, and relationship to the applicant(s).
Indicate the amount being gifted in pounds (£). This should reflect the exact figure being contributed towards the property purchase.
Review and complete the declaration section by confirming that you understand and agree to all terms regarding the gift. Sign and date where indicated.

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Versions	Form popularity	Fillable & printable
2021	4.2 Satisfied (27 Votes)
2015	4.8 Satisfied (49 Votes)
2014	4.5 Satisfied (39 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much is considered a gifted deposit?

No, there is no minimum or maximum limit on how much can be gifted for a deposit. However, you should bear in mind that large gifts may be more scrutinised by your mortgage lender and could have potential Inheritance Tax implications.

What happens if you pay back a gifted deposit?

Give a gifted deposit letter It declares that the person who gave you the gift doesnt expect you to pay it back. If you must pay back the money, it becomes a loan, which may make it harder for lenders to approve you for a mortgage.

How does a gifted deposit work?

As the name suggests, a gifted house deposit is a gift. This means the person giving the money doesnt expect repayment. When you receive a gifted deposit, make sure you can prove the transaction is legal. This is often very easy to do especially if its a mortgage deposit gift from your parents or a friend.

How to prove money was a gift?

There is a process that must be followed when gifting a sum of money. Declaration. A gifted deposit letter must be completed by the parties gifting the money. Proof of ID. This must be a photo ID and a proof of address. Source of funds. There must be proof of where the gift has come from.

How to get around a gifted deposit?

An alternative to a gifted deposit is a family loan. A loan agreement can state whether interest is payable and either give a specific repayment date or state that the loan must be repaid when the property is sold.

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What happens if you dont declare a gifted deposit?

The lender may reject your mortgage application if they discover a gifted deposit that hasnt been declared.

Where can I get a gifted deposit letter?

A gifted deposit letter is signed by the gifting party or parties. Your conveyancer or lender can help ensure the letter has everything it needs to support your mortgage application.

What is a gifted deposit form?

Give a gifted deposit letter This is also called a declaration letter. It declares that the person who gave you the gift doesnt expect you to pay it back. If you must pay back the money, it becomes a loan, which may make it harder for lenders to approve you for a mortgage.