Proof of address questions

maunders

Hi all. I've working in London for a few years. And for the last 3.5 years was have been renting a flat for the days when I've worked. And have been living back home on my days off. For that reason I kept my bank details the non London address and was on the electoral roll there. A few months ago I moved permanently as
It were and have updated my bank a few weeks ago and electoral roll at the start of the year. Would this be a problem for a lender.

Also, being rented the landlord pays all utility bills etc. And all my other bills are online what would be sufficient for address history?

harvey115

I think as long as all your Credit Agreements (Bank accounts and other credit companies) have the new address and you are registered on the electoral role on the new address. It should be sufficient.

maunders

Cheers. What do people use as address history then if the landlord covers all bills etc?

harvey115

your credit agreements such as Bank accounts, Credit Cards, Phone contracts etc.

maunders

thanks, and if anyone knows with regards to gifted deposits. can the person who the gift is from send it straight to a lender for a deposit on a mortgage or would it have to go via myself?

harvey115

Gifted deposit is usually somewhat problematic depending on the lender criteria.

I would suggest you speak to a good Mortgage Broker to check if a gifted deposit be allowed by your lender or not.

In terms of the payment, as far as I know your solicitor should take care f this as the deposit money as well as the remainder (mortgaged amount) is paid to the seller through the solicitor. So your solicitor should/would take care of this process. You should also check this with your solicitor. Personally I think all the money should be present in your account to forward, so that there is one source to track when the money is going outside.

maunders

Cheers. One other thing I've noticed. I was gonna use my Bt phone bill as proof of address as landlord covers other bills etc. however I've noticed the last letter of my postcode is wrong. Would this matter much to you think for conforming address?