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Bank statements
Fireflyaway
Posts: 2,766 Forumite
I have heard that lenders these days check affordability by looking through bank statements.
I have a DMP with payplan so each month a direct debit goes to them. I guess that's going to raise questions even though the debts are so old they don't show on my credit file anymore.
So - will a lender check all bank accounts or just main one? Should I open a separate one just for the DMP payment? I feel a bit devious doing that but I'm worried the payment might hinder the chance of a mortgage.
I have a DMP with payplan so each month a direct debit goes to them. I guess that's going to raise questions even though the debts are so old they don't show on my credit file anymore.
So - will a lender check all bank accounts or just main one? Should I open a separate one just for the DMP payment? I feel a bit devious doing that but I'm worried the payment might hinder the chance of a mortgage.
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Comments
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Use a broker and they will recommend a lender which doesn't ask for bank statements.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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I just assumed every lender checks these days. Thank you.0
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Do you intend not disclosing these debts on your application form?0
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The payments can be entered as a commitment and all questions answered honestly and no bank statements requested by certain lenders.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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