Mortgage In Principle -Account Details?

CookieMon

Hi there!

Calling on the good people on the boards for an answer to a quick question that is probably pretty obvious but would rather get a bit of reassurance on.

Myself and partner are looking to get a mortgage in principle so as to make it sure to the estate agents etc that we are in a good position to move if we see a bargain
The broker asked that if we wished to get a MIP he would require our bank account details and sort code? Is this correct? I just thought it was a credit check more than anything else. We have proven income to him already (ie copies of pay invoices etc), so why would he need my bank account details ?

I'm always a bit cautious when it comes to personal details like this, so I'm hoping someone here can put my mind at ease, do they really need this?

Thanks in advance

CookieMon

Robert_Sterling_3

Anytime you write a cheque your account number and bank sort code are on the cheque. There is also an example of your signature.

herbiesjp

Some lenders will request this information on the agreement in principle others will not - which lender was it?

CookieMon

Robert_Sterling wrote: »

Anytime you write a cheque your account number and bank sort code are on the cheque. There is also an example of your signature.

I'm not sure I know what you're trying to say here? I know these details are on cheques and payments etc, I just don't want to be giving this information out unless I need to be doing so?

Some lenders will request this information on the agreement in principle others will not - which lender was it?

The particular lender in question was Abbey National.

CookieMon

Anybody else? I'm just a little wary of giving these kind of details away.

betmunch

You will probably find its just to make things easier when filling out your mortgage application and DD's later on in the process.

If you are just doing the AIP to show you can borrow the money and not actually going to use that mortgage advisor then just ask him to use a lender that will not ask for the account details. Halifax would be a good example.

Cheers