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Using a gifted deposit is a common way to buy a home in Birmingham.
If a family member gives you money to help with your deposit, and they don’t expect it back, most lenders will consider that acceptable.
Take, for instance, someone buying a £250,000 property, a parent might gift £12,500 to cover the 5% deposit.
Lenders usually ask for a signed letter confirming that the money is a gift and that the person giving it has no legal claim to the home.
A mortgage broker in Birmingham, like ourselves, can take care of this paperwork and guide you through the next steps.
Most lenders in Birmingham are happy to accept a gifted deposit from a close relative or someone with a strong relationship to the buyer, this may include:
As long as the gift is non-repayable and clearly documented, many lenders will accept it.
Our mortgage advisors in Birmingham will help ensure the person gifting your deposit meets the lender’s criteria.
Lenders across Birmingham regularly accept gifted deposits, but they do need to see the right paperwork.
You’ll usually be asked for a signed letter and proof of where the funds came from.
These checks won’t affect your approval, as long as everything is clear and provided on time.
Getting mortgage advice in Birmingham will help make sure the gift is declared properly and doesn’t hold up your application.
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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Maria Duggan
UK Moneyman provided me with an excellent service as I navigated a complicated retirement mortgage. They have been unfailingly friendly, efficient & well- informed & were a reliable pleasure to deal with. Highly recommended.
23 Oct 2026
Marie Keville
I chose this company because sure of the reviews and then after talking to Jason, I felt comfortable. He found me an offer with NatWest but due to the long wait times with BCC, that offer expired. We had to get a new offer. I contacted Jason just before my offer expired. Sent him everything he needed and less than 3 weeks later, I got a new offer. The company is very responsive, I don’t think I’ve had to wait even 24 hours for a response to my emails. Every question answered quickly. Very decent price for the whole service. Once you get the offer through, they are still there every step of the way and everyone I’ve either spoken to or emailed have been extremely helpful. There is no part of my experience that I can say needs any improvement.
26 Jul 2026
Abdul Faheem Bhatti
They are the best mortgage broker I have seen in the region. They helped you with everything and eases you life. I must recommend them if you want a hassle free mortgage application.
30 Jun 2026
Khris Jones
Have worked with the team multiple times to secure my next mortgage, always efficient an knowledgeable. Will return for my next mortgage!
23 Jun 2026
Danae Larham
Fantastic service from Matt and Joe in particular. They made a complicated process that I didn't know much about seem entirely seamless and easy at every stage. They did not bombard me with communication and information, yet were on hand any moment I had a query, nothing was too much of a problem. Highly recommend.
15 Jun 2026
Dee Homer
Matt has been brilliant, hes explained and walked me through everything making it as easy and as straight forward as possible. Matt has been at the end of the phone, every time I've had questions or just needed some reassurance, I would recommend moneymanuk to anyone who is looking for an independent mortgage adviser xx
13 May 2026
Sophie O'Connor
Had a great experience with Money Man UK, who kept us informed and updated throughout every stage of the process. They were always transparent and never apposed to exploring all of our options and gave us time to consider them thoroughly. Would highly recommend and very glad we were recommended their services.
23 Apr 2026
Ethan Marshall
Jason and Lizzi were extremely helpful and ensured I got a good deal.
31 Mar 2026
Dainius Stepulevicius
Very helpful and informative. As a first time buyer with limited knowledge I was Guided with patience and great knowledge. Mortgage and Insurance was sorted within 2 weeks as painless as possible. Even providing references for shortlist of solicitors and thus saving more time. Best part even after Mortgage deal is done they are still happy to respond to other questions too. For that they are invaluable!
11 Jul 2025
besty jose
I had a fantastic experience working with Chris as my mortgage advisor. He was incredibly patient, always took the time to explain things clearly, and gave thoughtful advice whenever I needed it. Stacey handled all my paperwork efficiently and kept me updated throughout the process. Thanks to their combined efforts, I received my mortgage offer in less than 7 days! I am really grateful for their support and highly recommend their services.
15 Apr 2025
We’ll begin by booking you in for a free appointment with one of our mortgage advisors in Birmingham.
During this stage, we’ll learn more about your financial position, deposit amount and property plans, helping us give you clear guidance on what to expect next.
With access to a wide panel of lenders, we’ll search through a large range of mortgage products.
Whether you’re buying in the city centre or further out, we’ll look for deals that work for your budget and your goals.
Once a deal is agreed, we’ll complete and submit your mortgage application on your behalf.
We’ll handle the admin, stay in touch with the lender, and make sure everything is progressing, so you don’t have to chase for updates.
As part of your journey, we’ll help you look at ways to protect your mortgage and your income.
There’s no one-size-fits-all solution, so we’ll explain your options clearly and give you time to decide what feels right.
We offer every customer a free initial mortgage appointment to talk through their plans.
Whether you’re buying in Birmingham or further afield, we’ll explain what’s possible based on your income, deposit, and property goals.
We’ve supported buyers across Birmingham for many years, from first time buyers to those moving home or remortgaging.
Our advisors know the local market and the types of lenders that work well for different situations.
We focus on giving straightforward, reliable service from start to finish.
That means regular updates, honest answers, and someone on hand to guide you through each stage of the process, including paperwork and lender communication.
We understand life doesn’t stop at 5pm.
That’s why our advisors are available seven days a week, with flexible appointments to suit your schedule whether that’s during the day, in the evening, or over the weekend.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Birminghammoneyman 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.
© Birminghammoneyman 2009–2026
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Birminghammoneyman 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.
© Birminghammoneyman 2009–2026
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