bank Statements Adverse Lenders

Aqua1985

How long would Kensington, pepper mortgages etc expect to want to see on bank statements for a mortgage offer? Will be applying Dec 2019/Jan 2020?
Trying to keep my bank account super straightforward and not have any transactions I cannot explain (lending money to friends etc)


thanks

E11btt

If I recall correctly I had to provide 4 months worth of statements. And yes they will ask for each and every transaction. If your accounts are straight forward you will be absolutely fine.

JasonHand

Initially Pepper asked for 3 or 4 months bank statements, but in the end they asked for 12 months for me to show proof of rental payments.

In regards to transactions they really didn't ask too many questions. Perhaps that might have been because my broker went through them initially and asked a few questions but even then it was a pretty quick process.

ACG

Typically 3 months.
In terms of rental payments, if you can filter out transactions with online banking or in branch, you can just get a print out of the last 12 rental payments, which is far better than providing 12 months bank statements. There is less chance of them finding an issue.

JasonHand

ACG wrote: »

Typically 3 months.
In terms of rental payments, if you can filter out transactions with online banking or in branch, you can just get a print out of the last 12 rental payments, which is far better than providing 12 months bank statements. There is less chance of them finding an issue.

Yep now you come to mention that about rental payments thats exactly what I did.