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The Gift Letter For Mortgage is a crucial document in Malaysian property transactions where part of the property purchase funds comes as a gift, typically from family members. It serves multiple purposes: satisfying lender requirements about the source of funds, complying with anti-money laundering regulations, and providing legal protection for all parties involved. The document is particularly important in the Malaysian context where family assistance in property purchases is common, and must account for both civil and Islamic law requirements where applicable. The letter includes detailed information about the gift amount, confirms its non-repayable nature, identifies the property being purchased, and includes declarations about the source of funds and the donor's financial capacity. This document is commonly required by Malaysian banks and financial institutions as part of the mortgage application process.

1. Letter Date and Address Block: Date of the letter and full contact details of both donor and recipient

2. Gift Amount Declaration: Clear statement of the exact monetary gift amount in both numbers and words

3. Property Details: Information about the property being purchased with the gifted funds

4. Donor's Declaration: Statement confirming the gift is unconditional and no repayment is expected

5. Source of Funds: Declaration of where the gift money originates from, to satisfy anti-money laundering requirements

6. Relationship Statement: Description of the relationship between donor and recipient

7. Donor's Financial Status: Confirmation that making the gift will not cause financial hardship to the donor