Gifted Deposit Advice in Sleaford

Simple guidance for family gifts across Lincolnshire incl. Lincoln, Boston, Grantham, Newark, Stamford.

Make family help simple and compliant

If you’ve been gifted money from family to help with a deposit, you’ll need the right advice to ensure lenders accept it. At Spolton Mortgages, we help first-time buyers, home movers, and investors use family gifted deposits correctly and get mortgage approval without unnecessary delays. We’ll guide you through the paperwork and explain what lenders require at each stage.

Clear templates and wording lenders expect.
Straightforward AML/source-of-funds guidance.
Respectful support for families helping out.

Unbiased Advice

Dedicated to providing trusted advice, we believe financing your home should be exciting and stress-free. Here’s just some of the lenders we work with;

We access the whole of the mortgage market to find the best mortgage to suit your needs.

Why families choose Spolton Mortgages

Many buyers are caught out by strict lender rules around gifted deposits. With Spolton Mortgages, you’ll have peace of mind knowing everything is handled correctly from the start. We’re independent and whole-of-market, meaning we can find lenders who are flexible with gifted deposits. Our 500+ five-star reviews reflect our commitment to making the process stress-free and transparent.

Templates & checklists: We provide wording and documents most lenders request.
Smoother legals: We coordinate with your solicitor to keep things moving.
Calm, respectful process: We make it easy for donors and buyers alike.

How we handle gifted deposits

We’ll start by confirming the source of your gifted deposit and explaining the documentation your lender will need. We’ll then match you with lenders who accept gifted deposits and prepare your application to minimise delays. Throughout, we’ll liaise with you and your family to ensure the process is smooth and straightforward.

Explain what’s needed

We outline documents the donor and buyer will provide.

Prepare the paperwork

We help with the gift letter, ID and bank evidence the solicitor needs.

Submit & liaise

We package everything and liaise with lender and solicitor to completion.

Key things to know about gifted deposits

Gifted deposits are increasingly common in Sleaford and surrounding Lincolnshire towns, as rising property prices make it difficult to buy without family support. We regularly help clients in Grantham, Boston, and Newark navigate this process. Our local knowledge ensures we understand both the lenders’ requirements and the realities of the housing market in the region.

Declaration letters: Lenders/solicitors usually need a signed declaration that the money is a gift, not a loan. See HomeOwners Alliance.
Inheritance Tax: Many gifts become tax-free if the donor lives 7 years after gifting (IHT rules apply).
Source of funds: Firms must verify where money came from under AML rules..

We are family

Spolton Mortgages is a family mortgage broker founded by Nick and Kasia Spolton.

From our office in Sleaford, we provide mortgage and mortgage protection advice.

Well-known, and respected for providing trusted advice, we started by helping people find mortgages in Lincoln, Sleaford, and throughout Lincolnshire. Now we find ourselves helping people across the whole of the UK.

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What our customers think

Useful Links

Neutral, reliable references on gifted deposits and AML. Third-party sites; please verify details directly.

Gifted deposits overview — HomeOwners Alliance

Gifts & the 7-year rule — GOV.UK

Work out IHT on gifts — HMRC

AML responsibilities — GOV.UK (HMRC)

Money laundering checks when buying — Propertymark

Family Gifted Deposit Advice FAQs

Who can gift a deposit?

Often close family, but rules vary by lender — we’ll confirm for your case.

Do we pay tax on a gifted deposit?

Usually not immediately; IHT may apply depending on size and the 7-year rule. GOV.UK gifts guidance.

What goes in a gift letter?

Names/addresses, amount, confirmation it’s a non-repayable gift and no interest in the property. HOA overview.

Will AML checks delay things?

They can if evidence is missing. We’ll explain what the solicitor needs. HMRC AML responsibilities.