Can I use a gifted deposit for a mortgage?
Yes, most UK lenders accept gifted deposits from immediate family members (parents, grandparents, siblings). The person giving the gift must sign a letter confirming it's a gift with no repayment expected.
Gifted deposits are very common, especially for first-time buyers. Most lenders accept gifts from immediate family - typically parents, grandparents, or siblings. The giftor must provide a signed 'gift letter' confirming the money is a gift with no expectation of repayment. Lenders also require proof of where the gift money came from (usually 3-6 months of bank statements) as part of anti-money laundering checks. Some lenders require borrowers to contribute some of their own savings alongside the gift, though many accept 100% gifted deposits.
Key Points
- 1Most lenders accept gifts from immediate family
- 2A signed gift letter is required
- 3Proof of gift source needed (bank statements)
- 4Some lenders require personal savings too
- 5Gifts from friends are harder to use
Next Steps
- 1Confirm gift amount with family
- 2Get gift letter template from solicitor
- 3Gather bank statements showing gift source
- 4Inform mortgage adviser about gift
- 5Transfer funds via solicitor at completion
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First-Time BuyersContent reviewed: 13 January 2026