Switch back to paper statements ready for mortgage application?
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WLITC
Posts: 1,029 Forumite
I know some companies won't accept online statements (don't mean specifically mortgage lenders) and therefore I was wondering if I need to submit bank statements down the line for a mortgage application, am I better switching back to paper statements now?
On the subject of statements, how far back will lenders want statements for? 6, 12, 24 months?
On the subject of statements, how far back will lenders want statements for? 6, 12, 24 months?
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Comments
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Print outs of online statements are fine if they have your name etc on them.
We had to provide 3 months.0 -
I've always kept paper statements for my main account for this very reason but more specifically I needed paper ones for visa applications as I'm originally from Australia and the Border Agency wouldn't accept online ones. Now I'm a citizen I'm still keeping them as paper ones as it's easier for proof of address etc.
With my recent mortgage application I was asked for 6 months but a previous one I was asked for 3 months so it really does very a lot from lender to lender.Starting Mortgage Balance: £264,800 (8th Aug 2014)
Current Mortgage Balance: £269,750 (18th April 2016)0 -
As long as the internet print contains;-
bank name/logo
your name
sort code
account number
URL bar printed across the bottom
most lenders accept them.
Find out what your likely lender's policy is and work to that.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Okay thanks, if I only need six months (is this the max in all circumstances?) then I probably won't bother switching back to paper statements until I'm several months away from applying.0
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Personally I would switch back now, it makes things so much easier, although you think your application is months away, you may see something sooner.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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