We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Questions
Cruelsco
Posts: 10 Forumite
Im curious why they only ask for 1 months bank statement / 1 months payslip.
Has anyone actually got a mortgage based only on 1 month statement/1months payslip?
Also - what types of questions do the underwriters typically come back with. Ive provided by salaried account bank statement but on the day I get paid I transfer my personal money and savings into one account and my joint house hold money into another - im surprised my MB doesnt seem concerned about this but I also understand he knows this process better than I ever could!
Any advice or insight would be great!
Thanks!
Has anyone actually got a mortgage based only on 1 month statement/1months payslip?
Also - what types of questions do the underwriters typically come back with. Ive provided by salaried account bank statement but on the day I get paid I transfer my personal money and savings into one account and my joint house hold money into another - im surprised my MB doesnt seem concerned about this but I also understand he knows this process better than I ever could!
Any advice or insight would be great!
Thanks!
0
Comments
-
Plenty of lenders ask for a single payslip and no bank statement. Most lenders aren't interested in your twelve accounts to get cashback etc.
They judge the risk from the income, loan to value and credit profile.I am a mortgage broker. 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.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards