Bank account at parents' address, not home address

highlandcoo

Hi,

We're looking to get a mortgage in the next couple of months as first time buyers. My one big concern in us getting a deal is that we've both kept our banking at our parents' addresses since being students so the addresses on our bank accounts don't match our home/work/utilities/electoral roll/driving licence address. We've lived in this flat for over 5 years and not with parents for almost 10 years (13 if you include uni when we had summers at home but uni accommodation).

We have very good earnings and a 10% deposit, plus money for fees, furniture etc set aside. We don't have any bad credit history - small overdrafts (£400ish) and credit card (similar) always paid off so hopefully a decent credit score.

Is this going to be a big problem? I worry that changing the address now could look even more suspicious/be a big hassle for the sake of a couple of months/still look bad if we need to produce 3 months of statements and only one month is at this address.

Any advice gratefully received. Thanks in advance.

ACG

A lot will depend on who you apply to and whether you have any other proof of address.

Some lenders will make this hard work others would not bad an eyelid.

highlandcoo

Thanks for a quick reply.

We have proof of address from electricity bill, payslips, P60s and driving licence.

Looking at HSBC 5 year fix at the moment. I guess we just need to make an appointment and ask before they do any credit checks.

ACG

HSBC do not deal with brokers, so I am unsure what their stance will be.
You would be best speaking to them beforehand.