A genuine gifted deposit
A gift can reduce the cash gap and the mortgage (a loan secured on your home) needed. The lender will check who gives it, the source of funds and whether repayment or a stake in the home is expected. A repayable loan must be disclosed as a loan.
Help with borrowing
Joint-borrower, sole-proprietor arrangements can include a supporting borrower who does not own the property. Skipton Income Booster is one example.
Start with a conversation
Agree what help is genuinely affordable, whether any repayment is expected, and what happens if circumstances change. Obtain legal and tax advice where relevant before money moves.
What the planner does with a gift
The comparison adds a confirmed gift to ordinary cash. It does not automatically reduce your mortgage. To test a smaller mortgage, also increase your deposit percentage. Count the gift only once, and distinguish it from any repayable loan.
Checked 25 October 2026. Rules and product availability can change; check the original information before acting.
Skipton · Gifted deposits ↗Skipton · Income Booster ↗GOV.UK · How to buy a home ↗MoneyHelper · Applying for a mortgage ↗Test this against your own budget.
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