Why are lenders asking for 30 days of my everyday bank account transactions?

Brokers and lenders need to verify your living expenses. Lenders will scour through your expenses with a fine-toothed comb. If your living expenses are far higher than the Household Expenditure Measure, then you need to let the broker know why and if there was no good reason for that month, then you need to review your spending habits and think about what your priorities are. For the Household Expenditure Survey, please click here.