Pay slips - mortgage question.

[Benbay001]

Hi, my pay is due to go up by 30% next month, while still working for the same company.

Having Googled, it seems i need to provide 3 months pay slips to get a mortgage agreement in principal.
Is this to prove my employment or to prove income?
If i can prove many years employment but only one month of the higher rate of income (with proof that it will continue) will this suffice?

Of course i understand that every lender will be different, but id like to get some idea of the general state of things before i start asking around.

Thank you

[Sarnie]

You will only need the one pay slip reflecting the new salary....although they may ask for a copy of your new contract or send out an employers reference to your employer.........

[Caddyshack]

+1 on above, I am a broker.

[Benbay001]

Brill, thanks.

[Benbay001]

Hi again.
HSBCs website says i can apply online for an agreement in principle.
Will i have to provide proof of my incomes at this point? or will that be done when i apply for the actual mortgage?
I guess one way to find out would be to do the application, but wondered if any of you knew before i start it.
Thanks

[Sarnie]

Benbay001 said:

Hi again.
HSBCs website says i can apply online for an agreement in principle.
Will i have to provide proof of my incomes at this point? or will that be done when i apply for the actual mortgage?
I guess one way to find out would be to do the application, but wondered if any of you knew before i start it.
Thanks

No pay slips needed for an AIP...............it's why they are largely useless..............you could input any figures you like and get an AIP for any amount you wish.............yet Estate Agents whip everybody up into a frenzy until they have one....................

[TheAngryDog]

Op, just get Sarnie to sort your mortgage out for you. It's the best way.

[caduceus]

Sarnie - YHM.

[xjay1337]

We are in a position where we are buying our first home.
We got an agreement in principal over the phone with Nationwide. We just gave them a run down of our costs and incomes.

We haven't finalised a mortgage yet, but we have put in an offer which was accepted. And were planning to go with Nationwide.

If Sarnie could help us I am more than open to a discussion on that if it means we can save money and they get a bit of commission or whatever. Feel free to drop me a message if this is the case.

[Sarnie]

xjay1337 said:

We are in a position where we are buying our first home.
We got an agreement in principal over the phone with Nationwide. We just gave them a run down of our costs and incomes.

We haven't finalised a mortgage yet, but we have put in an offer which was accepted. And were planning to go with Nationwide.

If Sarnie could help us I am more than open to a discussion on that if it means we can save money and they get a bit of commission or whatever. Feel free to drop me a message if this is the case.

More than happy to chat if you want to drop me a mail!

[xjay1337]

Thanks! Mail sent