Can I use a gifted deposit if I’m a first time buyer in Bristol?

Yes, and it’s one of the most accessible ways first time buyers in Bristol get onto the property ladder. Property prices in the city are higher than in many surrounding areas, so receiving help from family can make a big difference. Lenders accept gifted deposits when the money is clearly given as a gift and not repayable. Your mortgage broker will check which lenders are more flexible with gifted deposits and help you prepare the necessary documents from the outset.

Does the person gifting the deposit need to be on the mortgage in Bristol?

Not at all. The person gifting the deposit is not involved in the mortgage, nor do they appear on the property title. Lenders will want confirmation that the money is being given freely, without expectation of repayment or ownership. A simple letter, signed by the person providing the gift, is usually enough. If you’re not sure what to include, a mortgage advisor in Bristol can help you get it right.

Can more than one person gift a deposit in Bristol?

Yes — it’s completely acceptable to receive support from multiple family members, especially if they’re all contributing smaller amounts. Each gift needs to be declared separately, and lenders may request bank statements from each person. Coordinating this part of the application can be time-sensitive, so working with a mortgage broker in Bristol helps ensure everything is handled accurately and promptly.

What documents are needed for a gifted deposit in Bristol?

You’ll typically need a gift letter confirming the money is a gift, proof of the gifter’s identity, and a statement showing the source of the funds. These documents are standard, and most lenders will review them as part of their affordability and legal checks. An experienced mortgage advisor can help gather these in the right format to prevent back-and-forth once the application is submitted.

Can I use a gifted deposit alongside my own savings in Bristol?

Absolutely. Most lenders are happy to see a deposit made up of both savings and a gift. For example, if you’ve saved £8,000 and a parent gifts £7,000, lenders will treat this as a joint deposit source, as long as both parts are fully declared. Your mortgage broker will help outline this clearly to avoid any confusion with the lender.

Gifted Deposits for a Mortgage in Bristol

Can I get a mortgage with a gifted deposit in Bristol?

It’s often possible to use a gifted deposit when applying for a mortgage in Bristol.

This is where a family member gives you money to help with your deposit, and they don’t expect it to be repaid.

For example, if you’re buying a £220,000 home, a relative might gift £11,000 to meet the 5% deposit requirement.

Most lenders accept this, as long as the gift is clearly documented.

A mortgage advisor in Bristol, will explain what the lender needs and help submit the right paperwork, including a gifted deposit letter.

Who can gift a deposit for a mortgage?

Lenders will generally allow a gifted deposit if it comes from someone with a strong personal or family link to the buyer, this could include:

Parents or step-parents, including in-laws
Grandparents or step-grandparents
Siblings, half-siblings, or brothers and sisters-in-law
Aunts, uncles, nieces, or nephews
Sons or daughters, including step or adopted children
A partner living at the property but not on the mortgage

Lenders want to see that the money is a true gift, not a loan.

Our mortgage advisors in Bristol can help check what’s needed and support you through the process.

Will a gifted deposit affect my mortgage application?

Using a gifted deposit shouldn’t impact your ability to get a mortgage, but it does come with a few added requirements.

Lenders will need to see written confirmation that the money is a gift and not repayable.

If this is missing or unclear, it could delay the offer.

With professional mortgage advice in Bristol, everything can be prepared in advance so your application progresses without issues.

Speak to an Advisor

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Frequently Asked Gifted Deposit Questions

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Gifted Deposit Mortgages
in Bristol

Gifted Deposit Mortgages
in Bristol

Can I get a mortgage with a gifted deposit in Bristol?

Who can gift a deposit for a mortgage?