Get ILA when gifting money
What is a gift in property transactions?
When gifting money to help someone buy a home, the lender often requires that you sign a document confirming that the funds are a gift and not a loan. This distinction is critical, because it can affect both the mortgage application and your legal rights.
Lenders require you to get independent legal advice (ILA) to ensure that you, as the gift giver, fully understand what you’re agreeing to and that you won’t later claim any interest in the property.
Gifting funds to help someone buy a property is a generous act, but it’s also one that requires legal clarity. Whether you’re gifting to family or friends, it’s important to document the terms and protect both parties before transferring large sums of money.
That’s where iLA come in to help.
Why you need independent legal advice (ILA) for gifting
Ila provide clear,
jargon-free
guidance
We make sure you’re fully aware of:
Your rights and obligations:
The impact on the mortgage:
Protecting your interests:
The legal fine print:
You need peace of mind that your generosity won’t lead to unintended consequences later. That’s what iLA give you.
How it works
? ?
1
Book your appointment
2
Get ready for your appointment
3
Get your legal advice
4
Sign and complete
Now you can focus on making the best choice for your future. Visit our process page for more detailed information.
Why Choose
?
Here’s why guarantors across the UK trust us for their ILA:
Here’s why clients trust us for their gifting advice:
Experts in property gifts:
Simple online service:
Fixed, transparent pricing:
No hidden fees or surprises—just clear, upfront pricing.
