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Solicitor asking for bank statements
Comments
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I wouldn't have said your answer was rude Artful, but I bet a delicate flower would think TBG01's post was.
I thought it was bluddy funny mind
Send whatever documents your solicitor asks for Danni.I had a hen who could count her own eggs - she was a mathemachicken.0 -
Solicitors get really twitchy when people are reluctant to or evasive about providing bank statements. Because generally they are acting for the lender as well, they have a duty to report back to that lender about anything which they feel could indicate a problem with the individual client. My strong suggestion would be to not be the person who makes antenna twitch and perhaps invites a report back to the lender which may make them withdraw their offer…
(also - yes, staff in solicitors office do indeed speculate on what it might be on the bank statements that mean the client is being evasive - and yes, LoveHoney does get mentioned a LOT, as do William Hill, Coral, and J D Wetherspoons…😆)🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
So does the lender pay them for their professional service?EssexHebridean said:Solicitors get really twitchy when people are reluctant to or evasive about providing bank statements. Because generally they are acting for the lender as well, . . .
(This is a genuine question as I had not realised that a service a buyer is paying for may be piggy-backed as it were by their lender if they are seeking a mortgage.)0 -
No, generally the borrower pays for the work on behalf of the lender. In a normal purchase it isn't separated out in any way, but it becomes clearer if the lender is separately represented, and their solicitors' bill is paid by the borrower.General_Grant said:
So does the lender pay them for their professional service?EssexHebridean said:Solicitors get really twitchy when people are reluctant to or evasive about providing bank statements. Because generally they are acting for the lender as well, . . .
(This is a genuine question as I had not realised that a service a buyer is paying for may be piggy-backed as it were by their lender if they are seeking a mortgage.)1 -
As a small aside, I was surprised the solicitors only asked for six months statements. My wife was unimpressed after I'd got her to justify just about every transaction in living memory...0
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