Gifted Deposits & Gift Letters
A gifted deposit is when somebody – usually a family member – gives a homebuyer a sum of money towards their deposit, or gifts them the entire deposit.
If parents are looking for a way to help their children get on the property ladder, a gifted deposit can be the simplest way.
Should you receive a gifted deposit, every donor MUST provide:
- Proof of ID
- Proof of Address
- Signed donor letter (we can give that to you)
- The latest 3 calendar months statements for where the funds have been held.*
This helps us comply with anti-money laundering legislation and policy. Each lender will stipulate their own specific policy, but in almost all cases lenders will state that the gift needs to be from a family member or someone in the applicants blood line.
Donors
Privacy
Notice
We want to ensure transparency and legal compliance in handling your data and personal information. It’s essential for us to provide you with necessary information in accordance with legislation.
We highly advise all donors to download and carefully read the provided notice. This document outlines how your data is managed and what measures are taken to protect your personal information. By familiarising yourself with this information, you can better understand how your data is being utilised.
Donors
Privacy
Notice
We want to ensure transparency and legal compliance in handling your data and personal information. It’s essential for us to provide you with necessary information in accordance with legislation.
We highly advise all donors to download and carefully read the provided notice. This document outlines how your data is managed and what measures are taken to protect your personal information. By familiarising yourself with this information, you can better understand how your data is being utilised.
Gift Letter Guide
& Example
We’ve put together a handy letter template to guide you. It’s designed to make things easier for everyone involved. Just a friendly reminder though, alongside any correspondence, we kindly ask for proof of identification and proof of address from your donor.
To ensure compliance with money laundering regulations, we kindly request that along with your letter, you provide three consecutive months of unredacted bank statements. These statements should clearly display the name and address of the donor, as well as their sort code and account number.
Gift Letter
Single Donor
We’ve put together a handy letter template to keep our communications clear and consistent. It’s designed to make things easier for everyone involved.
Just a friendly reminder though, alongside any correspondence, we kindly ask for proof of identification and proof of address from your donor.
To ensure compliance with money laundering regulations, we kindly request that along with your letter, you provide three consecutive months of unredacted bank statements. These statements should clearly display the name and address of the donor, as well as their sort code and account number.
Gift Letter
Single Donor
We’ve put together a handy letter template to keep our communications clear and consistent. It’s designed to make things easier for everyone involved.
Just a friendly reminder though, alongside any correspondence, we kindly ask for proof of identification and proof of address from your donor.
To ensure compliance with money laundering regulations, we kindly request that along with your letter, you provide three consecutive months of unredacted bank statements. These statements should clearly display the name and address of the donor, as well as their sort code and account number.
Gift Letter
More Than One Donor
We’ve put together a handy letter template to keep our communications clear and consistent. It’s designed to make things easier for everyone involved.
Just a friendly reminder though, alongside any correspondence, we kindly ask for proof of identification and proof of address from your donors.
To ensure compliance with money laundering regulations, we kindly request that along with your letter, you provide three consecutive months of unredacted bank statements. These statements should clearly display the name and address of the donors, as well as their sort codes and account numbers.
How to Get
Your Gifted Deposit Letter
Click on the appropriate letter you require. This will open in a new tab.
Click on File.
Click on download in the desired format.
Edit the letter in accordance with the gift letter guide & example
How to Get
Your Gifted Deposit Letter
Click on the appropriate letter you require. This will open in a new tab.
Click on File.
Click on download in the desired format.
Edit the letter in accordance with the gift letter guide & example
Things
To
Know
All signatures on letters and documents MUST be wet. If documents are signed electronically, they will be rejected.
*If bank statements are evidence of proof of funds they MUST show the donors name, address, sort code and account number. They cannot be redacted or amended in any way and MUST cover 3 complete months.
Please review the privacy notice and the guide BEFORE downloading the appropriate letter. Where … have been inserted please remove and complete in accordance with the guide. Once amended please revert into paragraphs and remove multiple …
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The Legal Bit...
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
*Bridging, Will Writing, Equity Release & Conveyancing are all provided through our network of approved business partners.
Charlie Bridges Mortgages & Protection is a trading name of Charlie Bridges Mortgages & Protection Ltd which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
Charlie Bridges Mortgages & Protection Ltd. Registered Office Address: 16 Hermes Way, Sleaford, England, NG34 7WH. Registered in England Number: 11888979.
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