Mortgage Brokers + Visa Application: The Challenge
As mortgage broker, preparing bank statements for visa application is a common but time-consuming task. UK visa applications (Tier 1, Tier 2, spouse, student) require bank statements proving financial capability. The Home Office needs clear, organised financial evidence.
How BankScan AI Helps Mortgage Brokers with Visa Application
Instantly convert applicant bank statements to Excel to verify income, identify regular commitments, and prepare affordability summaries. For visa application specifically, BankScan AI extracts Daily closing balance (must stay above maintenance threshold), source of funds, automatically.
How Mortgage Brokers Handle Visa Application
When preparing bank statements for visa application, mortgage brokers need to Mortgage brokers request 3-6 months of bank statements from applicants, review them for regular income deposits, identify committed expenditure such a. BankScan AI automates the data extraction step.
Key terms you'll encounter: affordability assessment, committed expenditure, income verification, debt-to-income ratio.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 6 months for most visa categories; 12 months for Innovator Founder and some ILR applications of statements for visa application.
AI extracts what you need
Our AI extracts Daily closing balance (must stay above maintenance threshold — formatted for mortgage brokers workflows.
Complete your visa application work
Download Excel files ready for visa application. Statements must show applicant name, account number, bank name, and every page dated; balance must be clearly visible for each day the maintenance period is assessed
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Mortgage Brokers — Visa Application
- Built for Mortgage Brokers — Saves 30-45 minutes per mortgage application on statement review, which adds up to 5+ hours per week during busy periods with 8-10 applications in progress
- Software compatible — Output works directly with Mortgage Brain, Twenty7Tec, Excel
- Built for Visa Application — Convert your bank statements to structured Excel spreadsheets that clearly show your balance history, income sources, and regular savings — formatted for visa evidence bundles.
- Key data extracted — Daily closing balance (must stay above maintenance threshold), source of funds, large deposits with explanations, evidence of savings not being temporarily moved in
Compliance: Mortgage Brokers + Visa Application
When mortgage brokers prepare bank statements for visa application, specific compliance requirements apply.
- FCA regulations require mortgage brokers to conduct thorough affordability assessments under MCOB rules. They must verify income sources against bank statements, document their analysis, and retain records for at least 3 years. Anti-money laundering checks require scrutiny of the source of deposit funds.
- Legal basis: Immigration Rules Appendix Finance and Appendix FM-SE; Home Office financial requirement guidance under the Points-Based System
Visa Application — Built for Mortgage Brokers
Statements must cover the period ending no more than 31 days before the visa application date; delays mean re-obtaining fresh statements
Try Free — Mortgage Brokers + Visa Application