Nationwide Gifted Deposit

Posted on 21 July 2018 by Arusha

Nationwide will not accept our deposit as part of it is a gift from parents. Could we add my mother to our mortgage application and therefore use that money, or will we then be refused a mortgage due to her being over 60. We would need a 25 year term.

Hi Arusha,

In my experience Nationwide are usually comfortable accepting a gift from a parent, as long as it is a true gift, and isn't repayable on the future sale of the property, nor does it have any other conditions attached.

If you added your mother to the application then they may allow the term to based upon your ages, however they may not accept this as she won't be living in the property. I'd certainly ask them that question first of all.

Depending on what they say, I'd suggest arranging a convenient time for you to speak to one of our consultants, to see how best we can assist you. If you'd like to do so, then please let me know.

Many thanks,


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