It is best practice to have them ready before you go to your Advisor, to make the process quick and smooth.
So what documents will you need:
Passport/Drivers License - One needs to be in date
Proof of Address (Utility Bill, Council Tax, Phone Bill, Bank Statement) - These need to be within the last 3 months, always use the latest one. They should also have the same address as your application.
(EMPLOYED) 3 Months Payslips - Lenders want to see that you are in employment, so can afford the mortagage. They will want to see 3 months worth of payslips, but will take your GROSS annual Salary into account BEFORE expenses.
(SELF EMPLOYED) 2 years Accounts & SA302, Tax Overview - Lenders will often use your net profit figure from your SA302s and Tax Overview to work out how much they can lend you.
If you're a sole trader, you they'll use your net profit to work out what they can lend you.
3 months Bank Statements - Lenders will like to see 3 months worth of bank statements, to show your outgoings and they use this in their affordability assessment.
Credit Report - The report shows all of your debts and the payments you've made on them. It also displays any CCJs or Defaults you have on file. This is downloadable from different websites, some of them give you a free trial, in which you can cancel before you are charged!
If you have these documents, you will have a smoother mortgage process.
Contact us for mortgage advice.
Always Wright Mortgages
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