Ask the Specialist

Capital Fortune are asked to help clients on a daily basis, whether it be with a new purchase, remortgage, buy to let or something more unusual. We typically help clients with non-standard, unusual or complex situations and have created this section to allow you to ask our team of specialists any question you may have. Feel free to browse the list of questions and responses. Please note we provide information only in response to the questions posed and not advice. If you do seek advice then feel free to speak to one of our Advisers by calling 0207 710 0400 or send us an enquiry online and one of our Advisers will call you back.

Mortgage with a Vendor Gifted Deposit

on 25 July 2017.


Could you assist ne with a vendor gifted deposit? The sale hasn't been agreed but i may be able to get the vendor to gift me a deposit, since the property has been on sale for a while.

Yours faithfully, 


Ask the Specialist response:

Hello Valerie

Thanks for your email.

It is particularly difficult to obtain a mortgage using the equity gifted by a vendor as the monies required for a deposit. Lender's typically wish to see a build up of savings, often requiring at least 5% of the purchase price. 

It should however be noted that Capital Fortune have successfully assisted applicants in the past using a discount from the true value of the property as the 'deposit.'

If you have been living in said property paying consistent rent for the last twelve months, or, alternatively, if you are buying the property from a blood relative we may be able to assist with none of your own funds actually being utilised.

If you just wish to obtain an indication on whether we are able to assist you, given your specific circumstances, I'd recommend speaking to one of our Advisers on 02077100400 or send us an enquiry online and one of our Advisers will call you back.

Capital Fortune