Six bank declaration errors that will destroy home financing application

Six bank declaration errors that will destroy home financing application

Providers are searching for any clues that clients may find it difficult to maintain with repayments as time goes on.

Here you will find the bank statement tasks that brokers say behave as a red banner to loan providers, and also at the worst, mean applications are refused.

1) Gambling practices

Bank statements detailing re payments to bookies can immediately stop a credit card applicatoin in its songs, brokers warned – even though the debtor is an otherwise perfect candidate.

Malcolm Davidson, handling manager at large financial company British Moneyman, told us of an incident in which one of his true consumers had a fantastic credit rating, however a potential loan provider identified a gambling practice on bank statements. (more…)

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