Could mortgage been denied cos of statments?

bondy2007

Hi

I have had my mortgage accepted by Portman and now all they require is i send my 2 latest bank stataments in as i have already sent all other info.

I was just wondering is their any chance i could get denied if they dont like what they see on my stataments?

the reeason i ask is because i do like to have abet or 2!! mainly on party poker , nothing to crazy however there is quite a few transactions on there.

homer_j_3

its normal for them to ask for statements, as long as you run your account within its limits you should be fine.

JoeK_3

Why do they want to see bank statements?

Are they looking for mortgage payments?

Are the looking for income payments?

Normally they would ignore personal things.

JoeK

bondy2007

im not 100 percent but im hoping maybe for address identifcation

homer_j_3

the lender asks for them as standard unless you are putting a 25% deposit down. It is not a reflection on you.

bondy2007

as coped form portman site:

What documentation is required for a mortgage interview?

*
Your last two months’ pay slips/2 years accounts if self employed
*
Your latest Inland Revenue form P60 or self assessment return
*
Your last two months’ bank statements
*
If you have a mortgage with another lender, your most recent mortgage statement
*
If you’ve been renting, your rent book
*
Identification – Passport or driving licence
*
Estate Agents property particulars
*
Existing buildings⁄contents and life assurance policy information

homer_j_3

yes as I said its pretty standard stuff. They want to make sure that you are operating your account within the permitted levels agreed with your bank - i.e not going outside your overdraft each month. It also helps them see your wages going into the bank.