Lenders requesting bank statements

lydriver

I transfer as much of my wages as I can in to an IASA when I get paid so my current account looks pretty empty although obviously it shows the money being transferred

should I send in a bank statement for the IASA too?

kingstreet

No. Send only what is requested.

AnotherJoe

lydriver wrote: »

I transfer as much of my wages as I can in to an IASA when I get paid so my current account looks pretty empty although obviously it shows the money being transferred

should I send in a bank statement for the IASA too?

Most people's bank accounts are "pretty empty".
They dont expect to see a big wodge of cash in there.
They want to see your normal spending (for example any payday loans, any betting on a large scale) , and that you are getting an income.

David_White

I'd just send what has been requested, worst case scenario is they ask for the ISA statements afterwards.

Nothing for you to worry about.

lydriver

Thanks all....another question I have which is something different but thought may as well ask on this thread

I've applied with nationwide, they asked for 3 months payslips as I get paid for 4 or 5 weeks every month depending on the length of time between Payday's. They class this as variable I think.
They said they have had to adjust my income figure so it looks like they've ignored what I told them and took the lowest payslip (4 weeks) as the average. They said that someone is now looking at the affordability.
Will they likely just be looking for more deposit or could they decline? I applied with over 20% deposit.
I appreciate this could be hard to answer but just looking for some opinions as proving difficult to get replies to emails/calls.

HappyMJ

lydriver wrote: »

Thanks all....another question I have which is something different but thought may as well ask on this thread

I've applied with nationwide, they asked for 3 months payslips as I get paid for 4 or 5 weeks every month depending on the length of time between Payday's. They class this as variable I think.
They said they have had to adjust my income figure so it looks like they've ignored what I told them and took the lowest payslip (4 weeks) as the average. They said that someone is now looking at the affordability.
Will they likely just be looking for more deposit or could they decline? I applied with over 20% deposit.
I appreciate this could be hard to answer but just looking for some opinions as proving difficult to get replies to emails/calls.

4/5 weekly pay slips should be divided by 4 or 5 then multiplied by 52/12 to get the monthly figure. You can tell them that and they should listen to you. If they're not listening speak to someone else and explain again.

lydriver

Will give it a try, the problem seems to be that anyone I've been in contact with is just following a checklist/ticking boxes.
Been told someone will be in contact to about it, but even then they said it could be text, email or phone!
Still early stages but thinking online wasn't the best plan now!

lydriver

I got an email today, income verified at almost 4k under what my basic pay is! Which is a large portion of my earnings!

Only thing that I can think of is on 2 of the payslips I have sent there is holiday pay showing, so my basic hours are less in these months, but I am still getting paid for my contracted hours, just that when I take a holiday it shows separate to my basic hours but is still part of my basic wage....
might they view that as not being part of my basic somehow?

lydriver

I think you're right, I can't be doing with this waiting for days for a reply...asking to send in things I've already sent in etc

I'm sure it's partly bad luck as I've read good things about Nationwide but I thought I had got through to the 'computer says no' woman earlier!

banks4u

What is your YTD salary and divide that by the number of weeks so far. Even better as the tax year has just started they should be using the p60. What did the above figures come too?

lydriver

one of the payslips I sent was March so included last years total/taxable Gross, which was over 6k more than they've verified it at!

last email I got required a written response to an email address so someone HAS to read it, will see what happens

if no luck I'll be using an advisor/broker - or maybe better just going into a Nationwide branch?