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Coventry btl
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Tamin_miah
Posts: 14 Forumite
Hi, the Coventry for a btl asked for build up of deposit. They didn't say how many months, I just gave them 3 months bank statement. Is that normal for them to ask? And can they ask for 6 months or more? Thanks.
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Comments
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@tamin_miah Yes that is not unusual. They can ask for more as well.
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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How much of the total deposit was evidenced?0
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@Thrugelmir accumulated over several years but the 3-months they requested is the month that I spent a bit more than normal so I couldn't save as much but you looking around 60k saving.0
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For £60k deposit then you can expect a firm line of enquiry. For the majority of people that's a considerable sum to save out of their monthly income. The conveyancing solicitor is likely to dig further than the lender if you get as far as receiving a mortgage offer.0
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