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  • FIRST POST
    • Baa289
    • By Baa289 13th Mar 17, 3:44 PM
    • 2Posts
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    Baa289
    Do lenders ask for all current accounts bank statements? (matched betting)
    • #1
    • 13th Mar 17, 3:44 PM
    Do lenders ask for all current accounts bank statements? (matched betting) 13th Mar 17 at 3:44 PM
    My partner has become a permanent employee so we can now search for a house and apply for a mortgage. My question is whether lenders will want to see bank statements for every account we have? Basically, my partner was using one of his current accounts for matched betting so wondering if we can avoid providing statements for this as it is not his main account!

    We both have Santander 123 current account for income and bills and an attached savings account. My partner then has an everyday current account with same bank (matched betting one). He has a credit card paid in full every month. We both also have a Help to buy ISA and I have just switched a TSB current account to First direct. We'd be happy to provide statements for all but the matched betting one as we never had any overdraft or missed payments. Thanks for any insight!
Page 1
    • kingstreet
    • By kingstreet 13th Mar 17, 3:49 PM
    • 30,917 Posts
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    kingstreet
    • #2
    • 13th Mar 17, 3:49 PM
    • #2
    • 13th Mar 17, 3:49 PM
    Some lenders don't want bank statements at all.

    Consult an independent broker who can look at things in the best way for you.
    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.
    • PDF
    • By PDF 14th Mar 17, 12:44 AM
    • 169 Posts
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    PDF
    • #3
    • 14th Mar 17, 12:44 AM
    • #3
    • 14th Mar 17, 12:44 AM
    Nationwide didn't with us, I have several accounts with several banks, I only gave them statements for the account that our wages were paid into. Our household bills account is separate and my wife and I have separate accounts to do with what we want. It wasn't a problem.
    • sultanabran
    • By sultanabran 14th Mar 17, 7:26 AM
    • 62 Posts
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    sultanabran
    • #4
    • 14th Mar 17, 7:26 AM
    • #4
    • 14th Mar 17, 7:26 AM
    As long as you go with a lender other than Santander as they will have access to all your accounts with them.
    • tom9980
    • By tom9980 14th Mar 17, 8:56 AM
    • 1,184 Posts
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    tom9980
    • #5
    • 14th Mar 17, 8:56 AM
    • #5
    • 14th Mar 17, 8:56 AM
    As long as you go with a lender other than Santander as they will have access to all your accounts with them.
    Originally posted by sultanabran
    Not always true, my match betting account is with natwest and so is my mortgage. Natwest when we bought at least didn't ask for statements at all, just proof of deposit which was in santander accounts.

    This is why the right advice is to speak to a broker and give them full disclosure of the facts.
    “In order to change, we must be sick and tired of being sick and tired.”
    • Verix
    • By Verix 14th Mar 17, 9:51 AM
    • 158 Posts
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    Verix
    • #6
    • 14th Mar 17, 9:51 AM
    • #6
    • 14th Mar 17, 9:51 AM
    Some lenders will as for sight of all current accounts but most won't. As above, if it is a concern speak with a broker.
    I am a Mortgage Adviser

    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.
    • sultanabran
    • By sultanabran 14th Mar 17, 12:08 PM
    • 62 Posts
    • 21 Thanks
    sultanabran
    • #7
    • 14th Mar 17, 12:08 PM
    • #7
    • 14th Mar 17, 12:08 PM
    Not always true, my match betting account is with natwest and so is my mortgage. Natwest when we bought at least didn't ask for statements at all, just proof of deposit which was in santander accounts.

    This is why the right advice is to speak to a broker and give them full disclosure of the facts.
    Originally posted by tom9980
    They wouldn't need to ask for statements as they could just "help themselves" But as per above, ask your broker.
    • David White
    • By David White 14th Mar 17, 12:12 PM
    • 743 Posts
    • 310 Thanks
    David White
    • #8
    • 14th Mar 17, 12:12 PM
    • #8
    • 14th Mar 17, 12:12 PM
    Very much lender specific as some won't require statements whereas others may request statements for all accounts.

    Make sure you get the right advice before proceeding with an application.
    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.
    • Baa289
    • By Baa289 17th Mar 17, 4:31 PM
    • 2 Posts
    • 0 Thanks
    Baa289
    • #9
    • 17th Mar 17, 4:31 PM
    • #9
    • 17th Mar 17, 4:31 PM
    Thank you all! Very encouraging Have my first viewings this weekend and a decision in principle from L&C. I will consult with broker about it.
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