Including mortgage as a proof of funds
May 5th 2017, 10:43 pm
#1
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Thread Starter
Joined: May 2017
Posts: 8
Including mortgage as a proof of funds
Hi,
We're in the process of putting together our application after receiving an ITA and have a query over the proof of funds. I've seen comments about not being able to include equity in a house as proof, which is fine because we have enough without it. However, if we get a summary of account from our bank to show this, it will show our mortgage. If they take this as a debt, we will not have enough to meet the criteria, but surely if they won't accept a house valuation as proof of funds, they can't count a mortgage as a debt!?! Does anyone have any experience of this?
Thanks in advance.
We're in the process of putting together our application after receiving an ITA and have a query over the proof of funds. I've seen comments about not being able to include equity in a house as proof, which is fine because we have enough without it. However, if we get a summary of account from our bank to show this, it will show our mortgage. If they take this as a debt, we will not have enough to meet the criteria, but surely if they won't accept a house valuation as proof of funds, they can't count a mortgage as a debt!?! Does anyone have any experience of this?
Thanks in advance.
May 6th 2017, 2:07 am
#2
BE Forum Addict
Joined: Jul 2014
Posts: 1,232
Re: Including mortgage as a proof of funds
Hi,
We're in the process of putting together our application after receiving an ITA and have a query over the proof of funds. I've seen comments about not being able to include equity in a house as proof, which is fine because we have enough without it. However, if we get a summary of account from our bank to show this, it will show our mortgage. If they take this as a debt, we will not have enough to meet the criteria, but surely if they won't accept a house valuation as proof of funds, they can't count a mortgage as a debt!?! Does anyone have any experience of this?
Thanks in advance.
We're in the process of putting together our application after receiving an ITA and have a query over the proof of funds. I've seen comments about not being able to include equity in a house as proof, which is fine because we have enough without it. However, if we get a summary of account from our bank to show this, it will show our mortgage. If they take this as a debt, we will not have enough to meet the criteria, but surely if they won't accept a house valuation as proof of funds, they can't count a mortgage as a debt!?! Does anyone have any experience of this?
Thanks in advance.
