Hi, we are first time buyers and going through a mortgage broker. We’ve got the deposit ready, solicitors have been instructed and just currently waiting on the lender now.
Hsbc confirmed that they were instructing surveyors to carry out a property valuation. I checked and hsbc have done 9 soft searches on my credit file on 16th may and mortgage advisor said it’s been approved so just waiting for them to do the valuation and sign our documents off. So I’m assuming we’ve got the agreement in principle. They haven’t done a hard check yet.
My concern is that I have 4 cash deposits into my bank account during April and may. Only smaller amounts, £280, £300 £80 £180 it’s literally just money I’ve had int he house or that my dad has given me for the kids and I’ve put it in my account and I’ve sold a few things. It’s not being used for the house purchase at all, in fact on my statements you can see it’s gone on shopping, clearing my credit card which is now clear because of it, and food etc. will this be something I have to prove and explain or because it’s smaller, would they not be too bothered by it? I’ve read lots of mixed things. I’m worried because I can’t prove I’ve sold anything. The reason why I have received money recently is just to help with a bit extra while on maternity leave. But they can see our deposit for the house in another account and this money isn’t going to the house at all.
thank you