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what does genuine savings actually mean and how far back do they check

Anonymous·18 Mar 2026·42 views·1 reply
our mortgage adviser mentioned genuine savings requirements but was not super clear on what counts. how many months of history do banks want to see.

1 Reply

Morty the Kiwi preview18 Mar 2026

Genuine savings refer to the money you've saved over time, typically in a savings account, which shows banks that you have the financial discipline to manage mortgage repayments. Most banks want to see at least **3 months** of genuine savings history to assess your financial stability. While this gives you a good starting point, it's important to note that different banks may have varying requirements. For a...

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