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Mortgage advice UK Bank Statements query. Underwriters advice needed ideally

6 replies 247 views
70051852167005185216 Forumite
3 posts
First Post
MoneySaving Newbie
Hi there, I’m after some advise regarding my mortgage. I have a mortgage in principal arranged with my partner and we are in the process of sending over some bank statements to get the actually mortgage and I have a worry for a number of items on there.

1) Regularly small purchases. I had a good month of just being super lazy and buying my lunch every day, so the statement includes daily £3 Tesco or McDonald’s, the was 13 in a month. Likely to be an issue at all?

2) Money coming in - I coach grassroots football and I enter the team in summer tournaments. We fund this ourselves so I ask the parents of the kids I coach to bank transfer me either £5, £10 or £15 (depending how many tournaments there child is doing) and then pay the tournament organisers our entry fee. So I have quite a few small payments from personal accounts on there. A fair few are referenced tournament money etc so I could explain it and also they will see payments for referee fees (the clubs pay me, I then pay referees for the game) so the are some random payments in, will that affect? As I know the majority will only have money in from there salary/income. I have a fair few extras on there.

3) large purchases out - again related to football. I have quite a lot of purchases out of one off payments. Some are for the tournament entry mentioned above which are all around £60/£70, they have clear references on them. The worry is I also have payments to wish.com (the online shoppers) for £40 and £60. This is for equipment for the kids football and was funded by the money the parents paid me. I buy off wish because they are cheap for cones/bibs etc so I could show the mortgage advisor the order details if the required to prove I’m purchasing one off equipment for football, worried they will see and think I have a shipping habit.

4) - the final and most embarrassing one is I have some video purchases on there. Please don’t judge me for this. They are not pornographic in nature but are related to a fetish that is quite unique which I won’t go into detail. Looking through the statement, none of the purchases references show the details of the website purchased from but I’m just worried they will flag up. The is 9 purchases over the 90 day period, all for fees between £5 and £20, and some off them including Non-GBP transaction and purchase fees (all under £1) as they were American products purchased and downloaded.

Obviously having a partner I’m worried about these flagging up at all, so I was just after some advice regarding how likely they are to cause an issue.

A couple of other points. I’ve never been in my overdraft or close to zero in the past 3 months. Every month I have more money in my account at the end of the month than at the start. I don’t have any loan or credit card payments (I do have a credit card, but it’s value is £0 so I don’t have to make monthly repayments on it) the only
Outgoings that appear on all 3 months are my phone bill, a payment into another account which is purely a savings one, and a payment into a joint account out of which comes our rent (they have the details for the joint and savings account also but those don’t worry me as this is the only account I use for personal purchases, those aren’t touched)

Sorry for the long drawn out message and thanks for any reply. I really would appreciate feedback on all of the above. I don’t know if I’m worrying too much or the above is likely to actually be in an issue.

Thanks in advance for any reply.

Replies

  • Getting_greyerGetting_greyer Forumite
    161 posts
    100 Posts Name Dropper
    Well, point no.4 is by far the most interesting of them all.  

    I would say as long as it's legal then will be fine. There are that many sites that cater to the plethora  kinks and orientations out there what's to say the underwriter isn't a subscriber themselves.
  • csgohan4csgohan4 Forumite
    8K posts
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    as long as not gambling or Pay day loans and you pass affordability checks you will be fine
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ PIxie RIP
  • mwarbymwarby Forumite
    2K posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    re points 2 and 3, be careful its arguable that your using your personal account to run a business/charity, which would be against the account terms. I would look into having that in a separate account. While not an issue for mortgage underwriting if the bank ever decides any of these payments are suspicious it could cause you trouble (account frozen and or closed)
  • penners324penners324 Forumite
    443 posts
    100 Posts Name Dropper First Anniversary
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    Shouldn't the club get it's own bank account?
    I'd be quite wary of a club run the way you do it 
  • 70051852167005185216 Forumite
    3 posts
    First Post
    MoneySaving Newbie
    Thanks all for advice, that’s helped calm me a bit haha.

    Regarding the gambling point. I have 2 £10 payments on there (again over the 90 days) didn’t mention as didn’t think it would be an issue. I assume it’s more obsessive gambling that’s an issue and 2 payments won’t cause an issue? No payday loans.

    regarding the club info. The parents play the club directly, it’s just every summer that are tournaments and it’s up to individuals teams at the club which once they enter and how they pay as the club doesn’t cover it. I’m quite organised so I collected money in from the parents to pay out.

    we also only get basic equipment from the club, hence the shopping points on point 3. With covid the tournaments got cancelled before I paid out for them all, so I suggested to parents we spend the remaining money on equipment the club didn’t provide and they agreed, hence the purchases of wish.

    but,
    to clarify. There one off payments that just happened to be made in March as that’s when I organised the tournament entry, there not regularly monthly payments or anything like that. I have whatsapp chats and what have you that could verify all of the above.

    any further advice still wanted it anyone has different opinions/views.

    many thanks 
  • edited 2 June at 9:50AM
    70051852167005185216 Forumite
    3 posts
    First Post
    MoneySaving Newbie
    edited 2 June at 9:50AM
    Well, point no.4 is by far the most interesting of them all.  

    I would say as long as it's legal then will be fine. There are that many sites that cater to the plethora  kinks and orientations out there what's to say the underwriter isn't a subscriber themselves.
    Nothing illegal. Seeing as I’m quite anonymous on here I can say there for wresting sites, weird I know. But all legal and above bored

    i considered that if I am questioned I could just say there for wrestling sites as I like pro wrestling and was bored during lockdown so ordered some shows.. no way of knowing they aren’t purchases for wwe, or other promotions in America. And I guess that’s no different than buying a PPV event for example 
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