Birmingham news Common joke that could harm your chances of buying a house MetiNews.Com

MetiNews.Com - The problem is the bank manager is unlikely to be laughing

Birmingham news Common joke that could harm your chances of buying a house MetiNews.Com

MetiNews.Com - The problem is the bank manager is unlikely to be laughing

Birmingham news  Common joke that could harm your chances of buying a house MetiNews.Com
08 April 2021 - 09:45

Breaking News ! It's a welcome chance to share a joke with a friend - they buy a concert ticket for you and you transfer them the money saying "cash for drugs" or something similarly hilarious. The problem is the bank manager is unlikely to be laughing. It is not uncommon to share an in-joke when transferring money within friendship groups - but it turns out it can have severe consequences. One mortgage advisor has gone as far as to warn against it - saying it could impact your ability to get on the property ladder. And it is all because banks will have a look at your last three to six months worth of payments when they are weighing up your mortgage, reports The Mirror. KAG Financial posted a video on TikTok saying: "Remember the money your transferred your pal? We see it and so does the lender. Read More Related Articles Grandad who started business from nothing now 'could buy island' Read More Related Articles McDonald's TikTok trick to get a Big Mac and fries for half price every time goes viral "'Money for drugs' is probably not the best thing to use. (This is actually tame compared to what we see).

." When people asked if it could actually harm their chances of securing a mortgage, the company responded to say: "For those of you asking how far they check back - most of the time it's three months, your application is also only affected if it's something illegal." Those who were worried about transferring money with references including 'SUGAR DADDY' and 'Wifey Dollaaaa' were relieved to learn it wouldn't become a roadblock in their property search. But if you're considering applying for a mortgage in the future, it's probably best to cut out any references to illegal activity or the firm warns you might have some awkward explaining to do during the process, and said it could even cause genuine issues. The good news is mortgage advisors and lenders usually only look at statements from about three to six months previously, which means there's still time to flush out the bad ones. Some took the advice one board, as one commented to say: "Jesus, some of mine are horrific." Another added: "And this is why I will never ever ever get a mortgage."

Source = MetiNews.Com

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Birmingham news Common joke that could harm your chances of buying a house MetiNews.Com


Birmingham news Common joke that could harm your chances of buying a house MetiNews.Com


Birmingham news Common joke that could harm your chances of buying a house MetiNews.Com


Birmingham news Common joke that could harm your chances of buying a house MetiNews.Com

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