The following types of deposit are acceptable:

• Savings
• Sale of property or equity release
• Sale of shares or cryptocurrency
• Inheritance
• Concessionary purchase
• Gifted deposit from a close relative

Further considerations:

• Deposit from children's account: Where any portion of the deposit is sourced from a child's account, the application should be referred prior to submission for specific assessment
• Unsecured loans: Funds derived from unsecured loans are not acceptable as a source of deposit
• Overseas deposit: Where deposit funds originate from overseas jurisdictions, enhanced due diligence checks will be applied
• Cryptocurrency: Should deposit funds be the proceeds of cryptocurrency trading, please refer to your acting conveyancer for specific guidance regarding the acceptability of the source and necessary evidence trail

Where a third party is gifting any element of the deposit and plans to reside in the property, we will require them to get independent legal advice.