Paying for holiday before mortgage application

onthemend88

We will be applying for our mortgage over the next 3-6 months and I understand that bank statements and proof of deposit will be required.

As we will be applying through an adverse lender (precise or kensington), I know that they will look at our bank statements quite a bit more than usual.

We have a family holiday booked to Florida in October as my brother is getting married there and the balance is due in August - the holiday was booked over 18 months ago and we weren't even considering buying as house as soon as now.

The money will be coming directly out of my savings account and into my current account to pay for the holiday (I could have paid it off ages ago but it better sat in my account earning interest until the balance is due)

Will this be frowned upon when they look at our statements?

Also to add, the money for the holiday is coming from disposable income as we save between £1800-£2000 every month.

Thanks in advance

kingstreet

It will make no difference.

They will ask for your savings account and current account statements so there will be a trail.

The amount is irrelevant. It's your money and up to you how you spend it, within reason and there should be no problem here.