Are you planning to buy a house to build your new life? Having a house is the dream of all people when they start to be adult. Nevertheless, this property is not cheap and you seemly get bad financial. Try to give a gift letter to the bank. You can get the money from your parents or sibling to make the letter. Do not worry if you never do it before because find the sample gift letter template is easy so much. Besides meeting the sample, you can find the blank template and edit it.
Those Who Need Your Gift Letter
Who needs this type of letter for the party? It turns out you are not the one who needs it but instead the bank. They need a gift letter to confirm that you are not using a loan as a deposit to buy property. On the other hand, lenders like in Australia will not provide loans to those who have received a deposit as a gift. To find out this, lenders must ensure that you do not borrow deposits from personal loans or credit cards.
Below are some requirements that the bank asks from you:
- The name of the person who gave the signature on the letter.
- Name of the gift recipient.
- Confirm the number of prizes.
- Confirm that the prize cannot be paid, and is non-refundable (without conditions).
4 Types of the Gift Letter Formats
Next, you need to know about the four types of the gift letter:
- Template 1: Standard
- Template 2: Statutory Declaration
- Template 3: Family loan
- Template 4: Guarantor support
Complete your insight into the gift letter does not stop here. Moreover, you might be a beginner in this case. Expand your information about gift letter type and design. Then, you adjust the letter to your need. Okay, personalize your goal to own the new house easy and fast.