It’s becoming more and more common to be asked for proof of deposit. Make sure you have proof of deposit readily available in case this happens to you. If it is difficult for you to prove, for example it’s in lots of different current accounts etc, then it can slow down the application process and in some instances can lose you the deal.

There are other acceptable options depending on the lenders – like a drawdown mortgage statement/loan agreement or a gift letter from a relative. So if you would like to know the options then make sure you discuss it first with your broker and we will advise.