L and C application submitted

InAPickle76

Good afternoon,

We have completed and submitted the initial mortgage information form with L and C and selected the 'looking to remortgage in 0-3 months' option. We are looking to remortgage from The One Account (ridiculous interest rate of 7%  ) but want to wait until mid July to do this as we are being a bit more frugal to ensure the best chance when they review the bank statements. I am assuming they will require 3 months' bank statements? L and C have said they will call to further discuss mortgage requirement and options. Should I email them in advance to say we won't be looking to proceed for another 6-8 weeks as don't want to mess them about. Just want to hang fire to get our bank accounts in their best possible place before applying.

Any advice/suggestions/thoughts welcomed

ACG

Some lenders do not ask for bank statements. 
But in any event, when looking at bank statements with high street lenders they use ONS figures for expenditure rather than actual spending. They are just looking to see wages going in, not too much gambling, not bouncing DDs or going overdrawn etc. 

Unless you are looking at specialist lenders or small/medium building societies you do not need to worry too much about bank statements. 

InAPickle76

ACG said:

Some lenders do not ask for bank statements. 
But in any event, when looking at bank statements with high street lenders they use ONS figures for expenditure rather than actual spending. They are just looking to see wages going in, not too much gambling, not bouncing DDs or going overdrawn etc. 

Unless you are looking at specialist lenders or small/medium building societies you do not need to worry too much about bank statements. 

Thank you so much - really appreciate your advice