Multiple current account funding

baz8790

I am using current accounts and regular savers at different banks to earn some interest on my savings.

Current accounts

Santander 123 (main account)
TSB X2
Lloyds
Tesco x2

Regular savers

TSB
LLoyds
Nationwide
Halifax help to buy ISA

So my Santander statement shows quite a lot of outgoings to other accounts every month for regular savers and minimum funding for the other accounts. Most of the minimum funding comes back the same day minus the amounts for regular savers.


Will this cause any issues on a mortgage application?
Will I have to show statements from all accounts?


would I be best to stop funding these accounts for 3 months prior to the mortgage application and forfeit 3 months of interest?

Once I have the mortgage the deposit, fees and furnishing cost is going to wipe out most of my savings anyway (keeping £5k as an emergency fund) and the only regular saver I will keep using will be the nationwide one,

baz8790

Ok so reading that back to myself I've decided to use the money in the Tesco accounts to fund the Lloyds and TSB minimum pay ins and return it to the Tesco accounts on the same day.

That just leaves the standing orders for the regular savers and Isa.

Will that be seen as a bad thing?

And will I have to explain that all the regular savings accounts will stop being funded when the mortgage starts?