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  • I'm guessing a lot of this depends on whether you're a first time buyer. For my recent purchase I didn't have to provide any copies of bank statements or proof of all of the deposit. Half the cost of the house was covered by equity from the sale of my flat, so that was straightforward enough and I was due to borrow the rest on a mortgage, and then realised I was about £20k out. I had no idea where it was coming from, so I just said 'savings' and they accepted that. All they did was check on the available equity from the sale of the flat and ran a standard credit check on me. I managed to find the balance through overdraft, year-end bonus and some savings I actually did have, but hadn't really thought about. The lender was pretty slack to be honest, maybe the LTV ratio helped.

    @ Fox, your advice is, of course, sound but most people (myself included) aren't that organised. I've bought, lived in and sold a number of houses in London and managed to muddle through. Maybe I've just been lucky...

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