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Do lenders scrutinise statements line by line?
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shopaholicno1
Posts: 133 Forumite
Just that really-how much scrutinising is done in bank statements when applying for a mortgage?
Had to give 6 months statements for our mortgage application. Was hoping it'd be 3 months.
We have been aggressively attacking our debt and put it to zero, so our statements look a bit crazy. Totally not representative of us generally.
Had to give 6 months statements for our mortgage application. Was hoping it'd be 3 months.
We have been aggressively attacking our debt and put it to zero, so our statements look a bit crazy. Totally not representative of us generally.
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Comments
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It depends on the lender, most are just looking for gambling transactions, bounced direct debits and living in an overdraft and that you have no undisclosed regular commitments.
Some will look at things in minute detail. If you have used a broker and they have gone to one of those lenders, I would expect them to go through your bank statements a lot more.I am a Mortgage AdviserYou 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.0
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