The email runs from gmail and is stored there as well.

In my web.config:
<add key="SMTPServer" value="smtp.gmail.com" />
 <add key="SMTPRequiresAuthentication" value="true" />
 <add key="SMTPPort" value="465" />
 <add key="SMTPUser" value="email@customdomain.net" />
 <add key="SMTPPassword" value="*******" />
  <add key="SMTPUseSsl" value="true" />

at the bottom of it: 

<system.net>
        <mailSettings>
            <smtp from="email@customdomain.net">
                <network host="smtp.gmail.com" port="465" userName="email@customdomain.net" password="*******" />
            </smtp>
        </mailSettings>
</system.net>

Have tried port 587. 
Site email from address is the email@customdomain.net

Keep getting the following error message in the log:
2012-11-30 11:44:59,805 ERROR mojoPortal.Web.UI.Pages.RecoverPassword - unable to send password recovery email. Please check the system.net MailSettings section in web.config 
System.Net.Mail.SmtpException: Failure sending mail. ---> System.Net.WebException: Unable to connect to the remote server ---> System.Net.Sockets.SocketException: A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond 173.194.76.109:465
   at System.Net.Sockets.Socket.DoConnect(EndPoint endPointSnapshot, SocketAddress socketAddress)
   at System.Net.Sockets.Socket.InternalConnect(EndPoint remoteEP)
   at System.Net.ServicePoint.ConnectSocketInternal(Boolean connectFailure, Socket s4, Socket s6, Socket& socket, IPAddress& address, ConnectSocketState state, IAsyncResult asyncResult, Int32 timeout, Exception& exception)
   --- End of inner exception stack trace ---
   at System.Net.ServicePoint.GetConnection(PooledStream PooledStream, Object owner, Boolean async, IPAddress& address, Socket& abortSocket, Socket& abortSocket6, Int32 timeout)
   at System.Net.PooledStream.Activate(Object owningObject, Boolean async, Int32 timeout, GeneralAsyncDelegate asyncCallback)
   at System.Net.PooledStream.Activate(Object owningObject, GeneralAsyncDelegate asyncCallback)
   at System.Net.ConnectionPool.GetConnection(Object owningObject, GeneralAsyncDelegate asyncCallback, Int32 creationTimeout)
   at System.Net.Mail.SmtpConnection.GetConnection(String host, Int32 port)
   at System.Net.Mail.SmtpTransport.GetConnection(String host, Int32 port)
   at System.Net.Mail.SmtpClient.GetConnection()
   at System.Net.Mail.SmtpClient.Send(MailMessage message)
   --- End of inner exception stack trace ---
   at System.Net.Mail.SmtpClient.Send(MailMessage message)
   at System.Web.UI.WebControls.LoginUtil.SendPasswordMail(String email, String userName, String password, MailDefinition mailDefinition, String defaultSubject, String defaultBody, OnSendingMailDelegate onSendingMailDelegate, OnSendMailErrorDelegate onSendMailErrorDelegate, Control owner)