mortgage company want bank statements

betmunch

Put yourself in the underwriters shoes.

If you blank out something he wants to see hes going to fail the case and you get no mortgage.

If you blank out something and hes happy with whats left then you do get the mortgage.

Personnally if I was an underwriter and I got a bank statement that had info blanked out I would very likely fail the case, or at best request new statements without the blanks AND an explanation as to why there were blanks there.

This may give you a little confidence in just sending them in though: My brothers mortgage application required bank statements as supporting evidence and it just so happens I got him into match betting a couple of month before he applied. His statements made him look like a right gambling addict, and worse there was not withdrawals, only deposits as he was saving his balance in Betfair. Underwritters didnt even blink, mortgage offer came out without any questions.

Hope that helps

elzerbeth

can i send them printed online statements?

_Andy_

elzerbeth wrote: »

can i send them printed online statements?

ring them and ask.

property.advert

The fact that you are asking for a reduction in your mortgage payments makes your lifestyle and spending habits very poignant to your lender. Can you imagine them reducing your mortgage payments when you are stuffing your face with deliveries from the local take away and Majestic Wine ?

They know your income, now they want to see you spending.

Pincher

There is NO privacy when you are "begging" for somebody to lend you their money. They will ask you to sign consent forms so they can request reference from your employer, bank, and anyone they fee like. A Building Society forced me to make my mother sign an application for a mortgage to establish some sort of prior obligation, when I bought her house, and made her sign an undertaking to remove herself from the house. Even my solicitor found this beyond the pail. Throw her on the street, to get the mortgage!

You don't have to give your consent, and they don't have to lend you their money.

dimbo61

I had to show my last 12 months bank statements and sent in both the normal bank statements you receive each month and the latest print out from the online bank just to prove I was not overdrawn every month or running up bank charges!
Dont blank anything out and if they do ask about X and Y on the statement then explain.

waterwatcher

i'm intrigued as to what you might have bought that needs blocking out ....... ha ha.

MB1919

I've always had to provide bank statements when mortgaging or re-mortgaging. The last time was back in December with Woolwich. My wife simply printed her online statements and I provided paper copies. I can't see a problem with doing it because the banks will simply need to know whether your lifestyle supports the loan. As long as your expenditure does not regularly exceed your income, there shouldn't be a problem.

elzerbeth

we have had a change in income since we took out our mortgage with northern rock and have been paying them a reduced payment for a while they have now agreed to do us a new deal that was back in march the documents for us to sign were drawn up and sent to us with a request for bank statements/ post office account statements and wage slips these were returned to them with the signed documents and last week we recieved letter to say they hadnt recieved all relevant details although they had all been sent together and wage slips and post office statement had been returned to us they are now saying if we donot supply wage slips and bank statements within a few days they will evict us we have obtained the wage slips but as i sed the printed bank ones can take upto 21 days to come the reason i asked about blacking out was that we had used our bank card to buy sum air gun pistols for my uncle and he had given us cash back to enable us to pay our other bills im just worried northern rock wont understand why this was done we pay alot of our bills by cash anyway so they wont show on bank statements its just ammount paid in each mnth tv licence,secured loan and online shoping thats on there other than the purchase for my uncle

bacard1

So where are you getting the cash from for the bills?