3 months statement help pls.

superkootoo

Hi I am wondering if someone in the know could kindly advise.

I will be applying for a mortgage in next few days as we have offer accepted on our dream home (joint mortgage). Previously I have had significant debt but this is down to a small loan costing little over 100 a month. I was living off overdraft while paying off last credit card payments - then in February took out the loan to clear off od and credit card- and to get my bank account in credit. Apart from the re financing loan there is no new debt in over 8 years- I have just been paying off chunks. This debt was largely due to re-training debts and having to pay my dues to secure a contract in my job so crappy pay etc. Credit rating is good 937 and good with all of them, it did go down from 950 after loan but is going up again. I know they don't see credit rating but iv checked all three and must be a good sign.

My main question is this- march/ april statement shows my bank in credit with healthy balance, living in means- I have no overdraft facility anymore. Feb- half shows in credit- when loan came in before that I was overdrawn- so if they do want statements 3 months can it be 'to the date' i.e if they ask for statements from the 15th of may can I give them back to 15th march- or will they want from the beginning of the month. If so would it be wise to delay the mortgage appointment by a week? I am not sure how long it actually takes to process and at what point they ask- if they do for statements- they may ask for just payslips or one month.

Sorry for the essay - i'v never been good at getting to the point.

ACG

They will want 3 months statements at the date of application. It does not really matter when they are dated so much, if you were to apply today I do not think they would be bothered if your statements were dated 29th of each month, the 30th or even the 10th. Most lenders in the main are looking for general expenditure, signs of anything undeclared, no gambling and your wages.

superkootoo

Thank you for the help...one more thing...

I am not a regular gambler but bet on Sergio to win the masters every year- its a long running joke- normally put on £2ish. This year as he had more chance I put on a £5 with top 8 thing and low and behold he Won- at 40-1 which meant a nice health payment into my bank account from sky bet (over £250). As this is a lot will it look like im a regular gambler who stakes high bets- should I mention it?

ACG

I doubt it. They will have 3 months statements and see one transaction out and one in for gambling. I reckon you will be fine.