Bank reference - how can I check?

lillib77

Hi

I am about to take on a lease for a house and have been asked to supply a bank reference. How can I check whether my bank will say yes to the amount of money i want to committ for the rental?

thankyou

Lillib

LE3

A bank reference is just to confirm that you have an account, how long you've held it & how you have generally operated it (ie if your income/deposits are erratic and you always carry a £500 overdraft and often go even more overdrawn you won't be as good a tenant as someone who pays in £1500 regularly (salary) and maintains a steady balance etc ...

The bank is only reporting facts - no specific details - and this isn't about lending money or anything like that ....

chickmug

You can try asking your bank what they will say.

They have standard letters which vary a little from bank to bank with usually only one line of information covering you. Along the lines of:-

We consider satisfactory for this type of commitment.

or

It is more than the usual type of commitment for this customer but see no reason why they will not be able to pay.


or

We feel it is more than our customer can take on at this point.

or

We are sorry to report our customer has gone overdrawn more than once in the past year without prior authorisation.