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Topic - house buying

Indy - on 17 Feb 2013
Got the nephew around this weekend. He's looking to buy a flat and has been to the bank to enquire about getting a mortgage.

One of the requirements in getting a mortgage is to show the bank 3 months worth of bank statements. Its been a long while since we went through the the process so have been unable to answer why the bank requires this and what are they looking for?

He's managed to save a good 15/20% deposit so his current account looks a bit sorry for itself pretty much only having his current living expenses in it and getting close to zero at the end of each month.

Will this effect his application?
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