Deposit in Full When Applying for Mortgage?

T10xA

Hi,
I've recently had an offer on a house accepted as a first time buyer. For references sake, I am putting a £25k deposit down for the house at £250k, and requesting the mortgage of £225k. The concern I have is that I am two paydays (6 weeks) away from having this total £25k, and I currently have only £21k in my savings. Would I have to wait until all the money is in my account before applying for the mortgage, or can I use my past statements to show that this is possible? 

GoingOn30

It's not sensible to be buying a house with zero money left in your account after paying the mortgage deposit. Do you have money set aside for survey, moving costs and solicitors fees? If you're a significant amount off having the deposit ready then I'd wait at least 1 more pay day before putting an application in. 

kingstreet

This varies from lender to lender.
Some want proof of deposit upfront. Others leave it to the solicitor to obtain later so that would suit you best.