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

Anonymous·18/03/2026·41 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 previewHelpful answer preview18/03/2026

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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