Get the free Confirmation of Gifted Deposit

Both are Registered in England Wales Number 2334606. Registered address Newton House Cheadle Road Leek Staffordshire. Signature. Date. Firm name FCA registration number Platform is a trading name of Platform Home Loans Limited and Platform Funding Limited who are authorised and regulated by the Financial Conduct Authority. Post Application Advice Submission. This form should be completed and signed by the individual providing the advice to the customers. Platform...

How to fill out confirmation of gifted deposit

How to fill out confirmation of gifted deposit:

1. Obtain the correct form: Begin by requesting the confirmation of gifted deposit form from the relevant entity or institution. This could be a mortgage lender, a solicitor, or any other party involved in the transaction.
2. Provide personal details: Fill in your personal information accurately. This typically includes your full name, address, contact information, and any other details specified in the form.
3. Describe the gifted deposit: Clearly indicate the amount of the gifted deposit in the designated section. State the exact sum of money or provide details of any other form of gifted deposit, such as a property or shares.
4. Identify the donor: In this section, provide information about the individual or entity making the gifted deposit. Include their full name, address, contact details, and their relationship to you (if applicable).
5. Confirm the intention: Declare that the gifted deposit is indeed a gift and not a loan or any other kind of financial arrangement. Clearly state that there are no obligations or repayment terms associated with the gifted deposit.
6. Sign and date the form: Ensure that you and the donor both sign and date the confirmation form. This confirms that the information provided is accurate and that you both acknowledge the nature of the gifted deposit.

Who needs confirmation of gifted deposit?

The confirmation of gifted deposit may be required by various parties involved in a property transaction, such as:

1. Mortgage lenders: Many mortgage lenders require a confirmation of gifted deposit to ensure that the funds used for the deposit are genuine, and not borrowed or subject to repayment.
2. Solicitors or conveyancers: Legal professionals handling the property transaction often require confirmation of the gifted deposit as part of their due diligence process. This helps ensure the legality and validity of the transaction.
3. Government or tax authorities: In some cases, government or tax authorities may request the confirmation of gifted deposit to verify the source of funds used for the property purchase. This is to prevent money laundering or fraudulent activities.

It is important to check with the specific parties involved in your property transaction to determine if a confirmation of gifted deposit is required. Each institution or authority may have their own set of requirements and documentation.

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What is confirmation of gifted deposit?

Confirmation of gifted deposit is a document that verifies the source of funds used as a gift for a property purchase.

Who is required to file confirmation of gifted deposit?

The recipient of the gifted deposit is required to file confirmation of gifted deposit.

How to fill out confirmation of gifted deposit?

To fill out confirmation of gifted deposit, you need to provide details of the donor, the amount of the gift, and any conditions attached to the gift.

What is the purpose of confirmation of gifted deposit?

The purpose of confirmation of gifted deposit is to ensure transparency and compliance with regulations regarding the source of funds for a property purchase.

What information must be reported on confirmation of gifted deposit?

Information such as the donor's name, relationship to the recipient, amount gifted, and any conditions attached to the gift must be reported on confirmation of gifted deposit.