We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lender - Proof of Deposit
DJSINGH
Posts: 188 Forumite
Hi all,
Soon I will have to provide proof of deposit.
Now, we have the 10% that the developer (new build) will require, but the rest that forms the deposit of our mortgage will be to hand by completion.
As my mortgage provider will need proof before hand, is it acceptable to provide a statement from one of my rainy day fund accounts, which has enough money? Of course the actual money wont come from that account when the deposit is due, but can I use it to show we have enough money?
Soon I will have to provide proof of deposit.
Now, we have the 10% that the developer (new build) will require, but the rest that forms the deposit of our mortgage will be to hand by completion.
As my mortgage provider will need proof before hand, is it acceptable to provide a statement from one of my rainy day fund accounts, which has enough money? Of course the actual money wont come from that account when the deposit is due, but can I use it to show we have enough money?
0
Comments
-
As long as you can prove you have the funds available now, I don’t think you’ll have a problem.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards