Owning your own home

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tyeness

Am in the middle of applying for a mortgage and the brokers (Habito) have asked me to find out why my salary is paid via Faster Payments.

I have absolutely no idea why this would be important, and when I asked payroll for advice they said they'd never been asked before.

I'm curious - has anyone else been asked, and/or know why this is important?

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kkg337 in reply to @tyeness

I suppose the implication is that it's less stable/more likely to change if it's done adhoc each month? Not saying I agree, but I'd imagine that's the concern.

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tyeness in reply to @kkg337

I suppose that makes some kind of sense. The advice from payroll, btw, was that they'd been instructed to do a bulk faster payment for c. 125 staff by their bank Metro.

Hopefully that's enough for the broker and they don't turn round with "Yes but whyyyyy?"

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