Savings Ac both names?

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Windmills80

Registered User

Messages

2

• 12 Nov 2015

• #1

Hi, my partner and I are currently trying to save a deposit for a home, when the bank looks for proof of our savings when applying for a mortgage, does the account need to be in both our names or is it ok just to be in one of ours? TIA

 

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SS expert

Registered User

Messages

103

• 12 Nov 2015

• #2

Does not matter, they will go through both your savings records... all bank records for prior 6 months

 

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Windmills80

Registered User

Messages

2

• 13 Nov 2015

• #3

Thanks very much for the reply.

 

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trojan

Registered User

Messages

230

• 13 Nov 2015

• #4

Windmills80 said:

Thanks very much for the reply.

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If your intention is to buy the property in joint names maybe it might be as well now to open the account in joint names, on the other hand seperate accounts will show your respective earnings. Just a thought and wish you well.