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Get the free Confirmation of Gifted Deposit - Platform

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Platform P. O. Box 3462 Cheadle Road Leek ST13 9BG DX 16351 Leek Telephone 0345 070 1999 DEEDS SCHEDULE Mortgage Account Number Date of Mortgage Folio Number Property Address as in the Mortgage Postcode Borrower Full Name s Please do not forward any title documents until a copy of the register can be provided showing The Co-operative Bank p.l.c. trading as Platform hold a first charge. Please complete the Schedule in full return the original and retain one copy for your file. Please send to...
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How to fill out confirmation of gifted deposit

01
Start by obtaining a confirmation of gifted deposit form from the relevant financial institution or mortgage lender.
02
Fill out the personal details section of the form, including the name, address, and contact information of both the donor (the person providing the gifted deposit) and the recipient (the person receiving the gifted deposit).
03
Specify the amount of the gifted deposit in the designated section of the form.
04
Provide details of the source of the funds used for the gifted deposit. This may include a bank statement or other documentation demonstrating the origin of the funds.
05
Both the donor and the recipient should sign and date the confirmation form to indicate their agreement and acknowledgement of the gifted deposit.
06
Submit the completed confirmation form to the financial institution or mortgage lender as per their instructions for further processing.

Who needs confirmation of gifted deposit?

01
Anyone who is receiving a gifted deposit for the purpose of a property purchase or mortgage application may need a confirmation of gifted deposit.
02
This includes individuals who are receiving financial assistance from family members, friends, or other parties to help fund their property purchase or meet the deposit requirements set by lenders.
03
In many cases, mortgage lenders require a confirmation of gifted deposit to ensure that the funds being used for the deposit are not a loan that the recipient will have to repay.
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Confirmation of gifted deposit is a document provided by a donor confirming that they have gifted a certain amount of money for a deposit towards a purchase.
The recipient of the gifted deposit is required to file the confirmation.
The confirmation of gifted deposit should include details of the donor, the amount of the gift, the date it was given, and a statement confirming it was a gift and not a loan.
The purpose of the confirmation is to provide evidence to lenders that the deposit for a purchase was a gift and not a loan.
The confirmation must include the donor's details, the amount of the gift, the date it was given, and a statement that it was a gift.
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