# GIFT LETTER
## Important legal, jurisdiction and formality warning
This is a fictional worked example, not legal advice and not a universal form of gift. It is written for a gift made in England and Wales, but the recipient's mortgage lender, conveyancer, tax adviser and any relevant insolvency or family-law adviser may require different wording or evidence. A gift can have consequences for inheritance tax, means-tested benefits, divorce or financial remedy proceedings, care-fee assessment, bankruptcy and fraud-prevention checks. The people signing must give truthful information, understand that a genuine gift is not a loan, and obtain independent advice before relying on this letter. The lender's own requirements and any applicable law take priority. A gift letter does not transfer land and does not replace a deed, declaration of trust or lender consent where one is required.
Date: 14 February 2027
To: Ashcombe Building Society, Mortgage Underwriting Department, 55 Castle Quay, Oxford OX1 1DL
Re: Gift to support the purchase of 17 Willowbank Close, Oxford OX3 8JF
## Donors
We, Martin Edward Holloway of 6 Rowan Gardens, Banbury OX16 9LT, and Elaine Margaret Holloway of the same address, are married to each other and are the parents of the prospective purchaser, Charlotte Elise Holloway. Martin's telephone number is 01295 555 184 and his email address is martin.holloway@example.test. Elaine's telephone number is 01295 555 185 and her email address is elaine.holloway@example.test.
## Recipient and transaction
The recipient is Charlotte Elise Holloway of 42 Meadow View Road, Oxford OX4 2JP. Charlotte intends to buy 17 Willowbank Close, Oxford OX3 8JF, from Northmere Homes Limited for £318,000. The proposed mortgage is an Ashcombe Building Society loan of £238,500, and Charlotte will provide the remaining purchase funds together with costs from her savings and this gift. The anticipated exchange date is 26 February 2027 and the anticipated completion date is 19 March 2027. We understand that these dates may change and that the conveyancer must confirm the final completion statement.
## The gift
We give Charlotte an unconditional cash gift of £52,000, being fifty-two thousand pounds sterling. We will transfer £26,000 from Martin's account at Fenland Bank ending 4412 and £26,000 from Elaine's account at Fenland Bank ending 7785 to the client account or other account specified in writing by Charlotte's conveyancer, Pemberton & Vale Solicitors, 11 St Aldate's Square, Oxford OX1 1BT. The transfers will be made no later than 18 February 2027, using the reference HOLLOWAY-GIFT-1702. Our bank statements and identity documents may be supplied to the lender and conveyancer through their secure process.
The £52,000 is an outright gift. Charlotte is not required to repay it, pay interest, provide security, transfer an interest in the property, or give us any share of future sale proceeds. We will not register a charge, restriction or other security against the property. We will not occupy the property as a beneficial owner and have no right to approve a sale, refinance or letting. Charlotte will own and control the money and, subject to the conveyancing documents and any trust arrangements she separately makes, the property.
This gift is not conditional on Charlotte marrying, living with, caring for or supporting either donor. It is not consideration for any service and is not a disguised loan. We have not promised the money to another person, and no third party has an agreement to be repaid from the gift. We understand that the lender may decline the mortgage if its underwriting rules are not met, in which event Charlotte will not owe us the gift merely because the purchase does not complete. If the transfer has already been made before the purchase fails, we will discuss its lawful return only as a new voluntary transaction; there is no pre-agreed repayment term.
## Source of funds and capacity
The money comes from our personal savings. Martin accumulated £31,400 from salary and pension savings over the period 2018 to 2026 and received £8,600 in interest and matured fixed-term deposits. Elaine accumulated £35,900 from salary and savings over the same period. Before the gift, those amounts total £75,900, calculated as £31,400 + £8,600 + £35,900. We have not borrowed, sold a property, received a cash payment from Charlotte, or used proceeds of crime to create this fund. After transferring the £52,000 gift, our combined accessible savings will be approximately £23,900, calculated as £75,900 - £52,000, and we will retain enough for our ordinary living needs and foreseeable expenses.
We are both over 18, have capacity to make this decision, and are not bankrupt or subject to a debt-relief order. We have considered our wills and understand that this gift may affect the assets remaining in our estates. We have also been told that tax, care-fee and means-tested-benefit treatment depends on facts and timing; this letter is not a tax declaration or advice.
## Confirmation to the lender and conveyancer
We consent to Ashcombe Building Society, Pemberton & Vale Solicitors and their professional advisers contacting us to verify this letter, our identities, the source of funds and the transfer. We will answer reasonable questions consistently with the facts stated here. We understand that providing false information may cause a transaction to be delayed, a mortgage to be refused, a report to be made, or legal consequences to follow. We will tell the lender and conveyancer promptly if the gift, source of funds or transaction changes before completion.
This letter records our intention and the facts known on 14 February 2027. It does not promise that the property will be bought, that the mortgage will be offered, or that any lender will accept the gift. The governing law intended for this letter is the law of England and Wales, and the courts of England and Wales have jurisdiction, subject to any mandatory rule or the lender's own contract.
## Signatures
Signed by Martin Edward Holloway: __________________________
Date signed: 14 February 2027
Witness signature: __________________________ Witness name: Priya Nanduri
Witness address: 22 Lark Rise, Banbury OX16 0QA
Witness occupation: Chartered accountant
Signed by Elaine Margaret Holloway: __________________________
Date signed: 14 February 2027
Witness signature: __________________________ Witness name: Priya Nanduri
Witness address: 22 Lark Rise, Banbury OX16 0QA
Witness occupation: Chartered accountant
We, Charlotte Elise Holloway, acknowledge receipt of this letter and confirm that we have described the proposed purchase and gift accurately to our conveyancer. We understand that the money is a gift and not a loan.
Recipient signature: __________________________
Date signed: 15 February 2027
Recipient witness signature: __________________________ Recipient witness name: Jonas Field
Recipient witness address: 8 Old Brewery Walk, Oxford OX1 4QH
Recipient witness occupation: Surveyor