Once you have clicked 'Start' on 'Gift', additional questions will open up for this step. 'Gift' is applicable to all purchase methods (mortgage/Help to Buy/cash) selected in the Pricing section. This step can be completed later by the buyer on their own platform, or skipped entirely for the buyer to complete offline with their conveyancer. The buyer will also be able to skip this step entirely from their own platform to handle offline with their conveyancer if they wish to.
Firstly we will ask how many people the buyer is receiving a gift from. We will then ask for the full name, email address and contact number of the person(s) providing the gifted monies (providing a home address is optional). We will send an email to all gifters, asking them to sign a Gifted Deposit Declaration Form. Note, that if they are receiving more than £10,000 in gifted monies (per gifter), we will also need to verify the identity of the gifter(s) using our partner Onfido. All of this can be completed on our one time portal linked in the email to the gifter (no sign up required).
Please be aware that if you change conveyancer, this form will need to be re-submitted for signature as this form has to addressed to your conveyancer in order to be valid, however the ID Check will not need to be re-done.