Blanking out transactions on back statement?

[Dinoasaurme]

We are making a down payment on our Barclays mortgage in order to turn it into a BTL mortgage. Barclays have requested we send them a bank statement from our current account (not with Barclays) to prove we have the funds.

Is it okay for us to blank out the details of specific transactions on the account and only show the balance, since that is what they are asking to see evidence of? Husband says we can't do that but I think it's ok and would rather not share all our monthly outgoings if not necessary?

Nope - mortgage underwriter here. All they'll do is wonder what you've got to hide, and ask you for unredacted statements before they'll proceed.

@FrazzledMCPremenopausalWoman

Nope - mortgage underwriter here. All they'll do is wonder what you've got to hide, and ask you for unredacted statements before they'll proceed.

Basically this, you want them to lend you money, well then it is on their terms not yours. TBQH

Oh really? Even though they only want proof of funds?

What's so embarrassing that you don't want a totally disinterested person to see?

Or, from their point of view, what other outgoings and liabilities that affect your ability to pay a mortgage are so bad you have to try to hide them?

Transfer the money to a savings account and send them a statement from that.

@Antarcticant they usually like to see where the funds have come from

Have been an underwriter in the past. This would ring alarm bells, what are you hiding? 9/10 there was not much that concerned me when we finally got a full statement so all you'd be doing is delaying the process.

Why would you want to redact anything? They are legally obliged to check you can afford the repayments. They are not going to have a giggle because you are still a member of the Tufty Club.

Can't understand why would want to do this?

What do you not want them to see? And why?

Unless it's a reason to make you unsuitable to lend to they really won't care.

Absolutely don't . All you will do is draw attention to whatever you're trying to hide.

I too wonder what you could possibly not want them to see. Unless it's something dodgy.
We had to do it when we were guarantor for DS and I remember thinking they'll judge all the eateries we frequented or how often I went to Home Bargains.

What exactly to do have to hide? It would set of alarm bells.

If you were getting your mortgage from the same bank as you have for your current account, they would see it anyway.

Ince it's not gambling, the bank really don't care if you spend your money on fresh flowers, fancy wine or ann summers. They just want to know you have enough left over to repay them!

They'd just be wondering what you have to hide and it'll set alarm bells.

We had to do it when we were guarantor for DS and I remember thinking they'll judge all the eateries we frequented or how often I went to Home Bargains.

Haha @Sparklingbrook this sounds like me!

Ok fine, I won't redact it and will get over my embarrassment at the number of times I've been out to eat this month!

You can’t do this as they’re also looking for evidence of bad money management like pay day loans and also things you haven’t declared as outgoings etc.

I'll just send them the full unredacted version in that case.

Btw we are not applying for a new mortgage but paying into our existing one which they've already agreed. Just to clarify.