Poor credit rating after early retirement

westv

I'm sure that you are aware that lump sum payments don't cut it for proof of income requirements but, as no proof is required anyway, it's irrelevant.

lisyloo

I wasn’t aware but if there is no requirement then you can’t fail to meet it.
If the annual lump sum is income and they ask for income then that’s honest IMO unless they are specific about what they mean.

ProDave

I guess the bank's logic, is if your only "income" is drawing down your savings, then why the hell do you want a loan and pay interest when you would be better off just drawing a lump from those savings to buy whatever it is you want?