A credit analyst has warned people who are wanting to buy a house to be mindful of 'cheeky' bank transfer references.
Kyla Hunter, from Brisbane, Australia - who works for Mortgage Choice in Fortitude Valley - says that first time buyers should think twice when writing a reference for their bank transfers.
Watch what she had to say below:
Instead of going straight home after a dead night out, you manage to talk your mate into getting you a monster kebab to soften the blow.
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While the first bite will taste like heaven, the reality hits you the following morning when you realise you owe them money.
Rather than opting for a sensible bank transfer reference, you might go for a 'cheers for the shish' or 'what happens in the kebab shop, stays in the kebab shop'.
Don't think references can be that long, but you get the point.
Taking to TikTok channel 'Mortgage Choice', Kyla reveals why a 'silly reference' might stop you from getting your dream home.
"It is true that part of the assessment process is having a look through your bank statements to see what your savings history is like, to verify your income and to make sure that you're not doing any kind of reckless spending," the credit analyst says.
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According to Kyla, one of things that banks might find concerning is 'excessive gambling'.
But the main thing that she advises you to avoid is strangely-named bank references.
"While you cheeky little inside jokes with your friends and maybe your partner, when you're putting references on a bank statement are funny. Not everyone is in on the joke." she says.
"The main question I have seen all over the internet 'is does this actually affect your ability to get a loan?'
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"Depends on what they are.
"If you're not suggesting anything illegal or reckless, you should be fine.
"If it were me, I really wouldn't want the person that is going to determine whether I can buy a house or not seeing a reference from my boyfriend saying 'thanks for last night.'
"You may want to have a look into that."
Well, sorry to break it to you, but even if your bank transfer references are on point, first time buyers looking to buy a house are ‘f**ked’ unless your parents already own a home, an expert has claimed.
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Weighing in on the housing crisis is buying agent Henry Pryor, who has 39 years working in the business.
Pryor told LADbible: "I'm really happy spending as much time as necessary with the next generation.
"They've been properly f**ked over by my generation. And they need to know the reality rather than what their parents say.
"We've loved the situation, the stupidity, at the moment of mum and dad lending money to the kids, so that kids can afford the prices that mum and dad and mum and dad's mates want to charge for their homes.
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"That's not sensible. It means if your parents don't own their own home, you'll find it incredibly difficult to get your own home yourself.
"If your parents don't own the home, you will likely only to be able to rent a home.
"If your parents give you a leg up, the bank of mum and dad is the ninth largest mortgage lender in the country."
Anish Vij