Gift Funds.

If you’re receiving gift funds from a relative (typically!) most banks will require they write a letter confirming that they’re giving you the funds, suggested wording is as follows:

To whom it may concern,

I  <<insert full name>>  am gifting unconditionally to my  <<insert relationship>> <<insert full name of gift recipient>> the amount of $XX,XXX.00

This gift is without requirement for repayment and is not interest bearing.



If your gift funds do require repayment have a chat a with your broker about this. And if the lender requires a statutory declaration or a specific lender form – we’ll let you know.

To see if gift funds would be helpful or relevant to your situation – have a read of this blog on how much deposit you’ll need: