How to prepare for your application

Before applying for a mortgage,  Make sure all the information is correct and  there is no incorrect information about you. You can normally do this online and it’s often free of charge for up to 30 days or ask your broker.

Start collecting all the documents you will need for the mortgage application. This includes:

  •  last three months’ payslips
  • P60 form from your employer
  • Bank statements of your current account for the last three to six months
  • Statements from your savings accounts
  • Proof of benefits received
  • Statement of two to three years’ accounts from an accountant if self-employed
  • Tax return form SA302 if you have earnings from more than one source or are self-employed
  • Self-employed people should look to provide information alongside their tax return, which supports what the SA302 says about their income, such as bank statements
  • Utility bills
  • Passport or driving licence (to prove your identity)

Be accurate. Make sure the information on the application form matches the documents you supply. For example, don’t round up your salary if the amount on the payslips differ from this figure.

Provide details of the address of the property, the estate agent and your solicitor.

These are the basics – some lenders may ask for more paperwork. Bear in mind that lenders may have different criteria around income and outgoings. Ask your lender or independent mortgage adviser what else you may need.

Please note, printouts of online statements of your current account and utility bills may not be acceptable. You will either need hard copies or to have copies certified by your solicitor, your bank or your utility provider.

For more information please contact us today – above wording is sourced from Money Advice