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  • Gifted Deposit Form

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Confirmation of Gifted Deposit Please complete this form in black ink and in block capitals Mortgage applicant details Name of mortgage applicant 1 Name of mortgage applicant 2 Address of property.

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A gift letter is a piece of legal, written correspondence explicitly stating that money received from a friend or relative is a gift. Gift letters for tax purposes often come into play when a borrower has received assistance in making a down payment on a new home or other real estate property.

A gifted deposit letter is a letter which is provided by someone gifting a deposit. It shows the terms of the gift if any. Some mortgage lenders may have a template or form which you and the donor will need to fill. ... The person giving the gift should get legal advice to understand what they are getting into.

Where the money is a gift, the giver will be required to complete a declaration stating they have no interest in the property and do not intend to have one, even though they are providing money towards its purchase. ... Evidence must be provided as to where this money originated from.

Your mortgage lender requires a gifted deposit letter during the conveyancing process if you are obtaining a gift from your parents or a friend. The reason for the letter is so that the mortgage lender can prove that the money is a gift and not in fact a repayable loan. The document is also known as a deed of gift.

Proof that your deposit is a gift A signed letter or document outlining that the deposit is a gift and not a loan is typically enough to satisfy lenders. The signed document should clearly state that the deposit is not a loan and doesn't need to be repaid back.

Dear Sirs, (I/We) confirm that (I/we) (am/are) gifting (full names of purchaser/s) of (address of purchaser/s), (my/our) (relationship to giver/s), £(amount being gifted) from (source of funds) towards the deposit for the purchase of the above property.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232