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How many months of bank statements?
decca2013
Posts: 22 Forumite
I've just switched my current account. My old account has closed.
I'm planning to look to buy (first time buyer) in the spring, will have had the new account at least 3 months by then. How many months worth of bank statements do mortgage lenders typically ask for? If it's more than 3 months Ill contact the old bank to get copies my old statements, but how far should I go back?
I'm planning to look to buy (first time buyer) in the spring, will have had the new account at least 3 months by then. How many months worth of bank statements do mortgage lenders typically ask for? If it's more than 3 months Ill contact the old bank to get copies my old statements, but how far should I go back?
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0 - 3 for account conduct.
1 - 6/12 for deposit build-up.
The latter will usually be determined by solicitor, not lender.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 -
Super, thank you.0
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As a pre-FTB I am interested to know why they need 1-6/12 for proof of deposit build up? Is proof of deposit not enough?Anything I say in no way constitutes financial advice and anything you do is your own decision.0
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Money laundering checks I suppose0
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As a pre-FTB I am interested to know why they need 1-6/12 for proof of deposit build up? Is proof of deposit not enough?
The proving you have a deposit is of no value as you won't complete without it. Where the deposit has come from is the key.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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