Bank statements
Blade200
Posts: 47 Forumite
Hi, can someone help with my following query on bank statements?
Basically I transfer money between my current and savings account a couple of times a month. This is just to cover unforeseen things I need money for or put some money in my savings at end of month.. So when the lender sees these transfers in and out of my current account to another account (my savings) will they ask to see the statements of the other account even though it's just my savings?
Also is it ok to make notes on your statements going to the lender. For eg I deposited 850 into my current account from PayPal. This was from personal sale of a mac. Is this something they would likely query due to large sum?
Thanks
Basically I transfer money between my current and savings account a couple of times a month. This is just to cover unforeseen things I need money for or put some money in my savings at end of month.. So when the lender sees these transfers in and out of my current account to another account (my savings) will they ask to see the statements of the other account even though it's just my savings?
Also is it ok to make notes on your statements going to the lender. For eg I deposited 850 into my current account from PayPal. This was from personal sale of a mac. Is this something they would likely query due to large sum?
Thanks
0
Comments
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Yes, expect to produce statements for both accounts.
Note on the file are best avoided as they only give the underwriters another question to ask. Your note here wont be an issue, you are allow to use paypal, and to sell a Mac.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Thanks for the reply. I'm just worried they would want to see PayPal statements. I use PayPal to deposit money into online bookies when I fancy a flutter.0
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Would a lender ever ask to see PayPal statements if they see a couple of PayPal transactions on your statement?0
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We've never been asked.
Hundreds of cases a year over ten plus years.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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