Current Account Mortgage

I recently applied for a mortgage and while the mortgage broker says we should be good to get a mortgage it is important thing Have a little worried.

We had the usual requests for information, P60, 2 payslips, etc. However, they also have 2 months copy of my current account.

Now, this is not exactly full. Not in an overdraft or anything, but I'm just worried about their review and frown!

Could a small current account stop our chances of obtaining a mortgage or I'm looking too deep into it? ? Is it something as simple as they need to check I have just one bank account?

Cheers

The bank statement is purely for reasons of identity ... They look right into your credit history for years so whats in your account statements that you send doesn't mean anything.

What you have (or not) in your account is not of interest to them. It is used for identification purposes and also to confirm that were able to obtain a bank account in the past (some people can not).

I am a conveyancer and bank statements I saw a person who buys a property is £ 1,000,000.00 then discovered that I wonder how will they pay the mortgage!

Do not worry about it.

As long as you havent gone any overdraft limit and moved large amounts of money to or from your account then it should not be a problem, they just check if your accounts are "conduct" of accounts, I wouldnt worry about it, just show your bank statements to the Mortgage Advisor and ask them to check they are ok (its part of his work).

United Kingdom? If you use a mortgage broker, when he shows the current account, it will tell you if there is a problem.
From my experience, they just want to see that you have an account.

I'm in my overdraft constatly £ 2500 and have recently been implemented and succesfull in obtaining a mortgage £ 130,000! i wouldnt worry dude, as long as you have a good regular income and you can afford the monthly payments they will not be a problem!

I did about 6 months ago.

Essentially, they ensure that your not blowing your money on things like:

Gambling Internet
Huge amounts of money withdrawn

etc. etc. etc.

They are just protecting their investment, if you have a good flow of money into and out of your account, you will indeed meet better than that which is right on the money all day. After all you've proved you can manage your account without having to open, even if you have bills coming out.

I think they just check if you manage your money OK and your salary paid etc.
Do not worry, it will be a hundred fine x

Absolutely no need to worry. They will be using the account as proof of address and maybe check that any existing mortgage has been paid for two months. The only other thing that might cause a problem if there were direct debits returned unpaid checks or there.