Whole-of-market mortgage advice
Family Gifted Deposit Advice in Sleaford & Lincolnshire
A gift from parents or grandparents can be the thing that finally makes your home possible. Lenders are generally happy with gifted deposits, but each has its own rules and paperwork, and we make sure the gift helps your application rather than holding it up.
5.0★ · 700 reviews
Whole of market
Free until approved
Your Lincolnshire mortgage team
Nick, Kasia & the team
Qualified advisers and support, here for every step
★★★★★
From first talking to him about our options and what deposit we needed, to moving forward a year later, he was always there to help and take any worries away.
For a great many first-time buyers, a helping hand from family is what turns owning a home from someday into this year. A gift from parents or grandparents is widely accepted by lenders, and used well it can boost your deposit, improve your rate and bring your plans forward.
Every lender has its own rules
Most lenders welcome a gifted deposit, but they differ on who can give it and what paperwork they need. We pick a lender whose rules fit your situation, handle the simple gift letter that confirms the money is a gift and not a loan, and keep the whole thing moving.
The gift, doing its job
Combined with your own savings, a family gift can open up better deals and a wider choice of lenders. We show you exactly how the combined deposit changes what is available, so the generosity counts for as much as possible.
Is this you?
We help buyers with a gifted deposit like…
- Receiving help with your deposit from family
- First-time buyers with the bank of mum and dad
- Topping up your savings with a family gift
- Unsure what paperwork a gift needs
- A family member wanting to help you buy
Why a broker
Why buyers with a gifted deposit use a mortgage adviser
Lenders all accept gifted deposits a little differently, and getting the paperwork wrong can stall an application. We know each lender's rules, handle the gift letter, and make sure the family help speeds things up rather than slowing them down.
Going direct to one lender
- One lender, one shelf of deals
- You fill in the forms and chase progress
- Criteria buried in the fine print
- A computer-says-no can end it there
- No one in your corner if it stalls
With Spolton, whole of market
- The whole market compared for you
- We handle the application end to end
- Criteria explained in clear, everyday terms
- Declined elsewhere? We know who says yes
- A named adviser who chases it for you
- Free until your mortgage offer is approved
How it works
How we help buyers with a gifted deposit, step by step
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Understand how gifts work
We explain how lenders treat a gifted deposit, what counts as a gift, and what each lender needs, so there are no surprises.
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Choose a lender comfortable with gifts
Most lenders accept gifts, but their rules differ. We pick one whose criteria fit your situation and the giver.
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Sort the gift letter
A gifted deposit needs a simple letter confirming it is a gift, not a loan. We guide you and your family through it.
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We handle the application
We present your deposit and income clearly and chase the application through to offer.
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Into your home
We see it through to completion, with the family gift doing exactly what it was meant to.
Local to you
Advising on family gifted deposit advice across Sleaford & Lincolnshire
From our Sleaford office on Carre Street we help buyers using a family gift across Lincolnshire, from Lincoln and North Hykeham to Grantham and Newark. Family can join the conversation in person or by phone and video, wherever they are.
- Sleaford
- Lincoln
- Grantham
- Newark
- Boston
- North Hykeham
Honest about money
No surprises. Ever.
Never a surprise fee. Here is how ours work, plainly: most advice is free until your mortgage is approved.
- Free until your offer is approved
- Whole-of-market, not one bank’s shelf
- We tell you the fee before any work begins
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
Our fees, in plain English
Until a fully approved mortgage offer
Free
Standard fee thereafter
Typically £299
Armed Forces & Blue Light Card
£199
Like-for-like remortgage rate switch
No fee at all
Figures correct at time of advice. We confirm everything up front.
Good to know
Family Gifted Deposit Advice: your questions answered
Can my parents gift me a deposit?
Yes. Gifts from close family are widely accepted by lenders. We will confirm which lenders suit your situation and what they need.
What is a gifted deposit letter?
A short letter from the person giving the money, confirming it is a gift with no expectation of repayment or ownership. We help you and your family put it together.
Does the gift have to come from a parent?
Not always. Many lenders accept gifts from grandparents and other close family too, though rules vary. We will check who qualifies for your chosen lender.
Can I combine a gift with my own savings?
Yes, that is very common. We show how the combined deposit affects the rates and lenders available to you.
Will a gifted deposit slow down my application?
Not if it is handled correctly. We sort the paperwork up front so the gift supports your application rather than holding it up.
What clients say
700 verified reviews, rated 5.0
257 reviews on Google and 443 on VouchedFor for 4 advisers, all independently verified. A 5.0 average across both.
5.0 average · Google & VouchedFor
Real people, real advice
The people behind your mortgage
You will deal with a named adviser from start to finish, backed by an administration team who keep your case moving behind the scenes. Here is who you will be working with.
From first chat to front-door key
Let’s make your move simple
Free, no-obligation consultation. We listen, compare the whole market, and hand you a clear plan, no jargon.
Free until your offer is approved
No jargon, no pressure
Whole-of-market advice
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
