Paying Back a Gifted Deposit
Our panel of carefully selected Specialist Solicitors are always here to support and assist when needed.
What is Paying Back a Gifted Deposit?
A Gifted Deposit is a sum of money given by a family member or friend to assist someone in purchasing a property. The giver typically provides a letter confirming that the money is a gift and not a loan. This letter is often required by mortgage lenders.When it comes to paying back a gifted deposit, it's important to understand the legal implications and responsibilities involved.
Our specialist lawyers who specialise in property transactions can assist to ensure that all legal requirements are met and that you receive guidance tailored to your specific situation. They can help navigate the complexities of property law, draft necessary documents, and provide advice on any potential legal issues, such as:
- Legal Considerations
- Gifted Deposit Letter
- Mortgage Lender Requirements
- Declaration of Gift
- Repayment Agreement
Find out how our panel of Specialist Solicitors can assist you.