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Gifted Deposit

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kanwal3017 | 20:09 Tue 19th Jan 2021 | Business & Finance
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How long does it take a gifted deposit to be verified by an independent solicitor
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Ask the solicitor
This is almost certainly one of those 'How long is a piece of string' questions. If both the donor and the recipient of the gift have all their bank statements ready, together with their proofs of ID, such a their passports and utility bills, there's no real reason why the whole process can't be completed very quickly indeed. See here for the process
https://www.clapham-collinge.co.uk/news/a-gifted-deposit-how-to-enjoy-it-without-burdening-the-conveyancing-process

However solicitors are notorious for taking ages to complete even the simplest of tasks, so there can be no guarantee that your solicitor will be efficient.

Further it might depend upon how the donor came by the money in the first place. If the solicitor can see (by looking at bank statements) that it all came from salary payments from, say, a local authority (and, if necessary, the donor can provide proof of his/her employment with that authority), then things should be able to progress quite smoothly. However if the bank statements seem to show that the donor received irregular large payments from an unknown source, the solicitor will have to make further enquiries to determine that they came from a 'legitimate' source.
Just in case this is helpful... this is a further query relating to the OP being gifted money by a parent (possibly one who'd had a stroke, I can't remember all the details).
You have asked this question several different ways now. The answer remains, when the solicitor is 100% sure that your mother has the mental capacity, after her stroke, to make the decision, she is giving it of her own free will and has not been put under any duress.

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