The Gift section is relevant to all purchase types (Mortgage/Help to Buy/Cash). This step can sent to you to complete later on your own platform once the reservation is done, or the step can be skipped entirely for you to handle offline outside of the platform. Firstly you'll be asked how many people you are receiving a gift from. We will then ask for the details of the person providing the gifted monies.
Each gifter will receive an email from us asking them to complete a Gifted Deposit Declaration Form which then proves that the gift was genuine. Note, that if you 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 (no sign up required), click here, to see our guide to gifters.
Please be aware that if you change conveyancer, this form will need to be re-submitted for signature as this form has to address your conveyancer in order to be valid, however the ID Check will not need to be re-done.