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Skitpon Building Society

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Hi Everyone, quick question foranybody who knows!

I have checked the SKipton Website and cannot see any information regarding my buy to let. I collect my rent in cash every month from my tenant. My contract states cash, I have my Arla letter to confirm the rent that the house acheives. My question is, if I supply my tenenacy agreement, ARLA letter and copy of the monthly receipts to show the rent paid and the dates would this be suffiicient for Skitpon. I'm surprised L and C receommended them, no adverse, but from everything I have read most lenders prefer bank statements to show the rent being paid. 


Thanks

Comments

  • JMA74
    JMA74 Posts: 264 Forumite
    100 Posts First Anniversary Name Dropper
    edited 6 February 2023 at 11:43AM
    I have spoken to Skipton on a live chat and they said that they have to see the rent going in to a bank account but will be fine if you deposit the cash directly yourself.  If you take the cash and it never hits a bank account then they are unlikely to do it
    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.
  • damodee
    damodee Posts: 35 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thank you JMA74 - that is extremley helpful and I appreciate it.
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