Gifted Deposit Mortgage | How Does A Gifted Deposit Work?

What Is a Gifted Deposit Mortgage? | First-Time Buyer Mortgage Tips

Wondering how a gifted deposit can help you buy your first home? In this video, we explain what a gifted deposit is, how it works, and what you need to do if you're receiving help with your mortgage deposit from family or friends.

A gifted deposit is when someone gives you money towards your deposit without expecting repayment or a stake in the property. It’s important to understand the process, from who can gift you money to what’s required by lenders, including the necessary gifted deposit letter.

📝 Key Points Covered:
Who can give a gifted deposit and how much
How to provide proof to your lender
Important tax implications to consider

00:00 Intro
00:19 What Is A Gifted Deposit
00:32 Who Can Gift A Deposit
00:40 How Do They Work
01:00 Deposit Letter
01:24 Tax
01:45 Outro

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UK Mortgage Centre is a trading style of Refresh Mortgage Network Limited. Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. FRN – 826982. Registered in England & Wales: 11614569. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages. The Financial Conduct Authority does not regulate will writing and taxation and trust advice.

Видео Gifted Deposit Mortgage | How Does A Gifted Deposit Work? канала Sam Fox Mortgage Expert