Bank statements

spendaholic1986

I am hoping to apply for a mortgage in the next few months May/June time hopefully.

I have been repaying my mum some money I borrowed off her (£200) per month which I will finish paying in May. My question is will the lender question this payment to my mum? How can I prove that I no longer need to pay it to her?

Also I often lend money to my younger sister (teenager) which she repays me a few weeks later - will this cause problems? Its only small amounts max £20.

I don't really want to wait another 3 months after paying the money back to have "clean" bank statements before starting to look for houses. I suppose I could start withdrawing cash but don't want to look like I'm doing anything dodgy!

Thanks in advance!

[Deleted User]

Re the loan repayments to your mum, if you apply for a mortgage after May, you can clearly say "no", you don't have any loans to pay. If they question, you tell them you were repaying a loan to your mum, tell them how much it was, and for how long, and if necessary get a letter from your mum saying it's clear now. It'll be quite obvious on your June statement anyway.

Re the small loans, can't see that causing an issue at all. Any potential mortgage lender who questions the odd £20 here and there is probably looking at the wrong things - and re affordability on such, for every £20 going out, there'll be a £20 going in - so a net zero effect on your disposable income.