Is it genuinely a gift?
A gift and a loan are not the same thing. Be clear whether the donor expects repayment, ownership, a charge or any other interest in the property.
Deposit & funds · Less straightforward does not mean impossible
Can I use a gifted deposit for a mortgage?
Gifted deposits are common, but the relationship to the donor, source of funds, whether repayment is expected and the lender or conveyancer's evidence requirements all need to be clear.
gifted depositfamily giftdepositbank of mum and dadsource of funds
What this means
Usually an evidence question
Gifted deposits are common, but the relationship to the donor, source of funds, whether repayment is expected and the lender or conveyancer's evidence requirements all need to be clear.
0%Preparation checklistNot an eligibility score
What may matter
Break the problem into the parts a lender may actually assess.
Who is gifting it
The donor relationship can matter to lender policy and to the evidence the conveyancer needs.
Source of funds
Bank statements and source-of-funds checks can apply to the donor as well as the buyer, particularly for larger or international transfers.
Prepare before applying
Turn the uncertainty into a checklist.
Mark an item when you have genuinely organised it. Progress is stored on this device and feeds into My Money Plan.
Confirm the exact gifted amount
Separate the gift from your own savings and buying-cost money.
Confirm whether any repayment is expected
If repayment is expected, describe it as borrowing rather than a gift.
Prepare evidence of the donor's source of funds
Do not move money through multiple accounts unnecessarily before checks are complete.
Be ready for a formal gift declaration
The lender or conveyancer may specify the wording and evidence they require.
→
Suggested next action
Confirm the exact gifted amountSeparate the gift from your own savings and buying-cost money.
Worth watching
Avoid creating a second problem while solving the first.
- Do not describe a repayable family loan as a gift.
- International transfers can create additional identity and source-of-funds work.
- Keep enough separate cash for tax, legal fees and moving costs after calculating the deposit.
Explore another situation
Mortgage problems are often combinations, not single labels.
If more than one issue applies, review each relevant page and keep the facts consistent across them.