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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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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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