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Pro forma letter for gifting ?
Dippypud
Posts: 1,927 Forumite
Is there anywhere I can find a draft form of the letter needed to send to the mortgage provider when gifting monies ?
Thanks all knowledgeable MSE'rs ...:money:
Thanks all knowledgeable MSE'rs ...:money:
C.R.A.P.R.O.L.L.Z # 40 spanner supervisor.
No problem can withstand the assault of sustained thought.
Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten.
"l! ilyë yantë ranya nar vanwë"
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Comments
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Your solicitor (or the borrower's solicitor, if you're the donor rather than the borrower) ought to be able to clarify what's needed.0
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The requirement varies from lender to lender.
Some have a pre-drawn form, others have a letter requirement.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I've done 3: All 3 were provided by the lender.
Roughly...Dear Sirs,
We confirm that we, INSERT NAMES OF PERSONS GIFTING THE MONIES, are gifting nnnnn nnnnnn and mmmmmm mmmmmm , the sum of £XXXXX to assist in the purchase of a property at xx ???????? Road. We confirm that we are the applicants’ INSERT THE RELATIONSHIP OF THE DONOR TO THE APPLICANT respectively and that this amount is a gift, not a loan, and that we will have no ongoing financial interest in the security address.
Kind regards,
Signatures:
NAME PRINTED NAME PRINTED0 -
Thanks peeps, I will await the asking of the lender ...C.R.A.P.R.O.L.L.Z # 40 spanner supervisor.No problem can withstand the assault of sustained thought.Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten."l! ilyë yantë ranya nar vanwë"0
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I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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kingstreet wrote: »... which is?
When my daughter tells me ...lolC.R.A.P.R.O.L.L.Z # 40 spanner supervisor.No problem can withstand the assault of sustained thought.Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten."l! ilyë yantë ranya nar vanwë"0 -
Here are a couple of links;-
https://www.nationwide-intermediary.co.uk/includes/pdf/P2505-12-18.pdf
http://www.leedsbuildingsociety.co.uk/_resources/pdfs/intermediaries-pdfs/intermediaries-forms-pdfs/gifted-deposit-form.pdfI am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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