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Tell us the most unusual expense on a client’s bank statement to win a Fortnum and Mason hamper

by: Mortgage Solutions
  • 12/10/2015
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Tell us the most unusual expense on a client’s bank statement to win a Fortnum and Mason hamper
The scrutiny of bank statements surfaced during the development of the Mortgage Market Review when it came to light that lenders would be responsible for assessing their borrowers’ affordability for a mortgage.

The process has evolved and to everyone’s relief line-by-line forensic examinations of statements have calmed down to become the exception rather than the rule.

Most intermediaries ask their clients for three months bank statements in every case so they can scan them to get a feel for the client’s financial position and spot any warning signs which indicate the applicant’s financial position may be precarious.

Broker reports of these checks reveal that most entries are pretty mundane; phone bills, food shopping, magazine subscriptions and debit transactions ‘down the pub’. But, from time-to-time an unusual transaction hidden among the humdrum casts the client in a different light.

During October, in partnership with specialist distributor TFC Homeloans, we want to hear about the out-of-the-ordinary appearing on your clients’ statements.

Tell us the most unusual financial outgoing you have spotted on a client’s bank statement and the story which lay behind it and TFC will award a Fortnum and Mason hamper to the most obscure.

Mortgage Solutions would certainly want its bank statement activity to remain anonymous (no suggestion it would reveal a great deal of time in drinking establishments) so we ask that you do the same.

Email your entries to

The winner of last month’s competition for the strangest underwriting request will be announced shortly.

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