Do I need bank statements for a mortgage?

Lenders often want to see your bank statements from the last three months to verify your income and outgoings – but several banks have been moving away from this practice and have started focussing on credit score to determine eligibility.

You should have your bank statements to hand while applying, and be aware that they could be checked for possible risks, but as long as the information you’ve given your lender is accurate and there are no causes for concern within your outgoings, this shouldn’t hinder your application.

It is likely your mortgage broker and solicitor will need to see your bank statements for affordability, proof of deposit, compliance purposes and other admin within the application process.