Hi all, just wanting some advice regarding mortgage offer and house purchase.
Mortgage approved for 80K, 20% Deposit, 2x income multiple, single application.
During the legal process, I was asked for proof of deposit and 6 months bank statement showing the money. The deposit is in a single savings account, with monthly transfers from my current accounts. All was approved and 'signed-off' by solicitor.
However, during the evidence gathering, I downloaded 12 months worth of statements for all my accounts. It was only then that I spotted something which would probably look suspicious to most people, even me!
9 months ago, I deposited about 12k in cash over a 2 month period (all my money). This was done in lump sums of 2-3k at a time, which now looks even more dodgy!!! I have about 25k savings in total, most of which was saved by monthly transfers from my current account.
I am nearing exchange, and am worried if I tell solicitor about this, it could cause issues and delays. I am also worried the bank will see the deposits during their own checks and withdraw the mortgage.
Is this something I should be worried about?
Mortgage approved for 80K, 20% Deposit, 2x income multiple, single application.
During the legal process, I was asked for proof of deposit and 6 months bank statement showing the money. The deposit is in a single savings account, with monthly transfers from my current accounts. All was approved and 'signed-off' by solicitor.
However, during the evidence gathering, I downloaded 12 months worth of statements for all my accounts. It was only then that I spotted something which would probably look suspicious to most people, even me!
9 months ago, I deposited about 12k in cash over a 2 month period (all my money). This was done in lump sums of 2-3k at a time, which now looks even more dodgy!!! I have about 25k savings in total, most of which was saved by monthly transfers from my current account.
I am nearing exchange, and am worried if I tell solicitor about this, it could cause issues and delays. I am also worried the bank will see the deposits during their own checks and withdraw the mortgage.
Is this something I should be worried about?