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Questions on bank statements

Betty2012
Posts: 20 Forumite

I have read from a few long running threads on here that questions are asked from bank statements. What type of questions are asked?
Is it?
Is it?
Why have you transferred £20 to someone for cakes twice this month?
Or why has someone transferred you £25 names baby smith ( for a baby gift)
why has someone transferred you £500 ( refund from a cancelled birthday cottage)
Why do you have a union sub?
or am I way out?
why has someone transferred you £500 ( refund from a cancelled birthday cottage)
Why do you have a union sub?
or am I way out?
0
Comments
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I personally never got asked any questions on my payments. I think they are going to more question payments such as £100 going out each month to a Ladbrokes gambling account.
1 -
If you're talking about a mortgage application, generally they'll be looking for evidence of (regular) financial commitments you haven't otherwise declared - one-off payments, or a £40/month cake habit, are unlikely to be a concern.2
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I was asked what my direct debit to boots was for (contact lenses), a direct debit from my partners account, a large credit from my partners mum (a gift, not part of our deposit) and to clarify my loan payments.1
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Halifax didnt ask for statements. Just proof of salary in form of payslips1
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Thanks all. I am so nervous that I will get asked all sorts of questions.0
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Depends on the lender. It can go from not asking anything, to only wanting to see wages coming in, to asking minute details.
I got asked about magazine subscriptions and payments to parents on a recent application that was only 40% ltv and 2x income1 -
Depending on the lender and your income/deposit they might be concerned if you live in your overdraft and spend every penny you earn each month and more.
If it's complex case ! Various sources of income and say more than one mortgage or BTL mortgage, then your mortgage broker will have lots of questions to ask about your lifestyle and expenditure.
I was asked how much I spent on a haircut, any expensive hobbies, loans, Self assessment history etc0 -
Got a mortgage offer from Nationwide this week.
Only had to provide 3 months payslips. They didn't ask for bank statements at all.0
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