12/10/2026
Thinking of helping your children or grandchildren onto the property ladder? 🏡
A gifted deposit is one of the most generous things a family can do, but it touches more areas of law than most people realise.
Before the money moves, it is worth asking:
✔ Is it a genuine gift or a loan you expect to be repaid?
✔ Will the lender need a signed gifted deposit letter?
✔ What are the inheritance tax implications for the person giving it?
✔ If your child is buying with a partner, how is your contribution protected if they separate?
A little planning at the outset protects everyone involved. Our conveyancing and private client teams work together on gifted deposits every week, helping families across Lancaster and Preston structure their generosity in the right way.
Read our guide to the Bank of Mum and Dad 👇 https://www.bsglaw.co.uk/news/2026/10/9/the-bank-of-mum-and-dad-what-to-know-before-gifting-a-house-deposit