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Bank statements
Jadefeather
Posts: 1 Newbie
Hi all,
I am applying for a mortgage. Excellent credit rating, good salary, never been in overdraft, had a mortgage on my BTL property which I've now sold etc. My only issue potentially could be bank statements. I have savings of over 50k. Over the last year I have done a lot of travelling, shopping etc because I could afford to and I knew all of this would become less likely once I have a mortgage. My outgoings have generally matched my income. I live at home with parents, contribute a small amount towards bills and do food shopping but obviously this amount doesn't equate to a mortgage/ rent payment. I'm taking what I expect to be my last "big" trip for some time next week and this will obviously be reflected in my most recent bank statements. How much of an issue is this going to be? I wouldn't have been doing this spending had I not already had in place the savings I needed.
I am applying for a mortgage. Excellent credit rating, good salary, never been in overdraft, had a mortgage on my BTL property which I've now sold etc. My only issue potentially could be bank statements. I have savings of over 50k. Over the last year I have done a lot of travelling, shopping etc because I could afford to and I knew all of this would become less likely once I have a mortgage. My outgoings have generally matched my income. I live at home with parents, contribute a small amount towards bills and do food shopping but obviously this amount doesn't equate to a mortgage/ rent payment. I'm taking what I expect to be my last "big" trip for some time next week and this will obviously be reflected in my most recent bank statements. How much of an issue is this going to be? I wouldn't have been doing this spending had I not already had in place the savings I needed.
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