One of the most common reasons for a delay in the mortgage application process is missing information.
Mortgage lenders demand specific information in order that they can properly ascertain exactly who they are lending to, where they live and their ‘risk profile’. In other words, do you enjoy a regular income and do you regularly meet your financial responsibilities.
Therefore, if you are an employee and you’re considering applying for a mortgage any time soon, it’s worth doing some financial housekeeping so that you are able to provide the following;
We must see the original document, (if applicable dated in the last 3 months) and they cannot be online documents.
Each must show both your name and your employer’s name. We suggest you also send your P60 if you have additional bonus payments, commission and/or overtime.
These must include;
NB If you are buying and selling simultaneously, and not putting any other money in, you can ignore this section.
We may also need to check that the information held on the credit register about you before we apply for the mortgage. If you would like to check it yourself you can get a free copy here without any subscriptions.
If you already have existing mortgage protection arrangements in place we will need to check it is sufficient and will need to see;
In this case we’ll need to see;
All documents need to be clear copies and include all reference numbers. Unfortunately, we cannot accept jpegs.
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