Gifted deposit - help!

aliceegordon

Currently in the conveyancing process of buying our first house. Today our solicitor has asked me to complete a gifted deposit form for the £9000 that is being gifted to me from my grandmother. However, as part of that process we realised that my Grandmother no longer has valid photo ID. 

Instead, my Mum has agreed to be the giftor and will sign the letter and provide certified ID. Her and my Mum share a joint account which at the start of today had £9500 in (proof that she had enough to gift us). This afternoon, my Nan moved an additional £9000 into that account from her Savings ISA to ensure there would be enough money in that account once my deposit had come out. Is that okay? I’m conscious of anything getting flagged and holding up the process! 

I can prove where all of the funds have come from if needs be (statement of my Nan’s savings transfer to her current account with my Mum etc).

Everything has been really smooth up until this point so conscious of anything ruining it! 

MWT

aliceegordon said:

Her and my Mum share a joint account..

Only your solicitor can answer your question with certainty, but if the account is in joint names then they are probably still going to want both of them to complete the form...

amnblog

It sounds OK unless your solicitor is particularly anal.

aliceegordon

Hey, 

I spoke to the solicitor yesterday and explained it’s a joint account and that my mum was going to be named Giftor and could send over letter/ID and bank statements which she said was fine. So hoping all will be well!