Will this affect our mortgage application?

kingstreet

Bank statements won't be required, so unless you bank with NatWest, your account conduct won't be visible to them.

if you do, they are unlikely to have an issue with your conduct as long as you are not constantly overdrawn or have any unauthorised borrowing charges, unpaids or payday loan activity.

FitzWilliams

We use multiple bank accounts and also bank with Halifax. Do they check bank statements or would NatWest be the better option?

kingstreet

Neither has an automatic requirement for bank statements on a case as you've described.

As a newbuild/HTB specialist you've picked the two lenders we'd use as the most likely to lend to you with the least fuss.

However, you won't get the best rates from these two. Not far off, but not lowest possible for HTB Equity Loan.

FitzWilliams

kingstreet wrote: »

Neither has an automatic requirement for bank statements on a case as you've described.

As a newbuild/HTB specialist you've picked the two lenders we'd use as the most likely to lend to you with the least fuss.

However, you won't get the best rates from these two. Not far off, but not lowest possible for HTB Equity Loan.

Great I feel a little better. Thanks for letting me know.

DRMANTISTOBOGGAN

Partner and I have just completed on a property with a similar situation to yours, weren't planning to apply then a home appeared a couple of weeks after booking and paying for a holiday and a heavy month of birthdays/days out.
We used Halifax and had no issues, in all honesty they seemed a little disinterested in our bank statements relative to what I was expecting at the outset.

michaeljpconlon

DRMANTISTOBOGGAN wrote: »

Partner and I have just completed on a property with a similar situation to yours, weren't planning to apply then a home appeared a couple of weeks after booking and paying for a holiday and a heavy month of birthdays/days out.
We used Halifax and had no issues, in all honesty they seemed a little disinterested in our bank statements relative to what I was expecting at the outset.

Hi

How long did Halifax take to process your full application. Mine went in on Tuesday via broker and im just anxious waiting

DRMANTISTOBOGGAN

Very quickly, couldn't have been happier with Halifax from start to finish.
Details;
10/08/16 - DIP obtained through Broker
12/08/16 - Full App submitted
16/08/16 - Valuation instructed by Halifax to be done the following day
22/08/16 - Broker contacted us to advise application was proceeding to offer
23/08/16 - Offer received in post


Just under 2 weeks from initial contact to offer, with adverse credit history. Couldn't comment on seasonality for lenders but they were very good at keeping in touch with us so you should hear how things are progressing shortly.

michaeljpconlon

DRMANTISTOBOGGAN wrote: »

Very quickly, couldn't have been happier with Halifax from start to finish.
Details;
10/08/16 - DIP obtained through Broker
12/08/16 - Full App submitted
16/08/16 - Valuation instructed by Halifax to be done the following day
22/08/16 - Broker contacted us to advise application was proceeding to offer
23/08/16 - Offer received in post


Just under 2 weeks from initial contact to offer, with adverse credit history. Couldn't comment on seasonality for lenders but they were very good at keeping in touch with us so you should hear how things are progressing shortly.

Thanks a million for getting back to me. I really appreciate it. I'm just super anxious and i know its uncalled for but I found a house i think i'll live in until i'm an old man. I need to chill out until next Tuesday at least. All the best in your new home

DRMANTISTOBOGGAN

michaeljpconlon wrote: »

Thanks a million for getting back to me. I really appreciate it. I'm just super anxious and i know its uncalled for but I found a house i think i'll live in until i'm an old man. I need to chill out until next Tuesday at least. All the best in your new home

No worries, those couple of weeks were the most stressful of my life so I can empathise with how you're feeling.
Fingers crossed for you.

FitzWilliams

In case anyone was wondering about this my mortgage was approved today. I went through a broker who went with nationwide. A stressful few weeks but we got the full amount that we've asked for. And that was after spending more money the last 2 months that we earned. So if anyone was wondering about overspending a few months before applying for a mortgage then there is hope!