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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.
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:
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.
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.
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.
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Tamsyn
As first time buyers my partner and I were uncertain of our mortgage options so we chose to use UK Moneyman and I’m so glad we did. I have been really impressed with the service I have received from Jason and Debbie. From the initial...
3 months ago
Anonymous
Excellent service, kept up to date and was advised every step throughout the process.
7 months ago
Anonymous
Dan and Jonathan were both brilliant and kept me informed all the way after helping me find the product that was suitable for me. I wouldn't hesitate to use Moneyman again. We communicated by email and telephone.
1 year ago
Anonymous
A bit of background - I was coming to the end of an interest only mortgage so sought advice on my options with the UKMoneyman and was introduced to Dan who was very helpful and went through my options of the different products and the pros and cons...
1 year ago
Adam
Worth their weight in gold. Helped navigate a complex mortgage enquiry, we would have fallen at the first hurdle if we were applying on our own. Excellent response times and always kept us informed. Was on the fence about going with a broker at all...
2 years ago
James
Malcolm and his team are so helpful, from the first call I had to discuss options all the way to getting my mortgage offer today. Any query I've had they answered immediately and offered to talk through my options, my case worker Lizzi was...
2 years ago
Jessica
Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
3 years ago
Anonymous
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
3 years ago
Eamonn
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the best mortgage on the market.
5 years ago
The first step is a free, no-obligation chat with a mortgage advisor in Bristol.
We’ll take the time to understand your income, deposit, and the type of property you’re looking to buy, whether you’re staying in the city or moving out to the surrounding areas.
Once we’ve got the full picture, we’ll compare thousands of mortgage options from different lenders.
We’ll factor in more than just the interest rate, looking at product fees, flexibility, and any available support schemes.
When you’re ready to apply, we’ll handle the full mortgage application on your behalf.
We’ll deal with the lender directly, manage any back-and-forth requests, and keep things moving at a pace that suits your timeline.
Before completion, we’ll help you consider how to protect your mortgage and finances.
We’ll talk through optional insurance that’s relevant to your situation, giving you the chance to safeguard your home without pressure.
Every customer starts with a free mortgage appointment.
We’ll take time to understand your personal and financial circumstances before recommending the right route forward, with no pressure and no commitment to proceed.
We’ve helped a wide range of customers across Bristol secure the right mortgage for their needs.
Whether you’re buying in the city centre or surrounding areas, we’ll look at your situation carefully and search for a product that suits you.
Our team are here to take the stress out of the mortgage process.
We handle everything from research and applications to chasing lenders and keeping you updated, all explained clearly, without jargon.
We’re open seven days a week to offer you flexibility around work and family life.
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Bristolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Bristolmoneyman 2009–2026
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Bristolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Bristolmoneyman 2009–2026
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