How many months bank statements for Mortgages

Moving2Kent

Hi all,

i just wondered if all lenders ask for 3 months bank statements or have some just asked for one month? I have had high out going few months with long booked holidays and several big birthdays in my family and now we've chosen to move. My income shows fine but quite a bit of spending. Ive also paid off a couple of small loans. Looking to tidy up my accounts as of now and totally cutting spending for the next few months to give me 3 months consecutive but wondered if there are any lenders who ask for just one month?

Thank you in advance

Thrugelmir

How you spend your money is your business. That's not what the lender is looking for.

amnblog

There are Lenders that do not ask for bank statements at all in normal circumstances.

dustywarrior

Some lenders won't require any, some you can get away with just 1 months, most will ask for 3 though. However, as has already been mentioned, lenders aren't interested in how your money is being spent, more that you have regular outgoings that you can commit to.

Moving2Kent

Thanks for the reply. Is it specific lenders that don't require any or just case by case?

Thrugelmir

Moving2Kent wrote: »

Thanks for the reply. Is it specific lenders that don't require any or just case by case?

Expect the unexpected. Attempting to deceive in anyway could backfire and cause untold problems.

Moving2Kent

Thanks Thrugelmir... No deception at all, as I said just a lot of spending in the last few months that doesn't represent my ongoing spending, income paid into current account. All bills and mortgages have been paid on time. Obviously want to approach lenders with the highest possible chances.

summer_james

3 months from my experience and I am just in the process of buying and selling. I was worried about the same, but to be honest they just look to see if you pay your bills and that you are living within your means i.e. not going over your overdraft etc.

amnblog

Specific lenders do not require bank statements

set

Hi

We're going with Woolwich/ Barclays. (I say going with, we haven't received formal offer yet :eek:). Anyway. They only wanted one months bank statements from us. Then they requested last 3 months bank statements from my husband but that was only to show the last 3 months rent payments going out.

kingstreet

Moving2Kent wrote: »

i just wondered if all lenders ask for 3 months bank statements

No. They don't. You could be asked for none, or as much as twelve months, based on lender chosen and case details.

or have some just asked for one month?

Possibly. Based on lender chosen and case details as stated.

I have had high out going few months with long booked holidays and several big birthdays in my family and now we've chosen to move. My income shows fine but quite a bit of spending.

Which most lenders won't give a stuff about.

Ive also paid off a couple of small loans

So make sure the lender knows about them. Don't just assume they will show as repaid on the credit system.

Looking to tidy up my accounts as of now and totally cutting spending for the next few months to give me 3 months consecutive but wondered if there are any lenders who ask for just one month?

Yes. Take media advice and eat nothing but beans on toast for three months and walk everywhere. Then you find out your chosen lender uses ONS stats and doesn't even want any bank statements.

Alternatively, you could get advice from a professional and not the media and understand what is actually needed and what is media hype.