Minimum 3 months pay slips for mortgage?
Discussion
Probably - would depend on how much of a deposit you are putting down and whether you have any credit history with the lending bank
My last mortgage application only asked for 1 months payslip but I think that was because I have about 4 accounts and three other mortgages with them.
For self-employed people without a lot of financial history you used to be able to get "self cert" mortgages. However these were normally more expensive than normal mortgages and i think they're a lot harder to come by since the financial crisis.
My last mortgage application only asked for 1 months payslip but I think that was because I have about 4 accounts and three other mortgages with them.
For self-employed people without a lot of financial history you used to be able to get "self cert" mortgages. However these were normally more expensive than normal mortgages and i think they're a lot harder to come by since the financial crisis.
When I applied (HSBC) I think they wanted 3 months pay slips and 3 months bank statements, then just before completion proof of a salary payment in the past month (I faxed an online banking printout showing just that entry).
The underwriters called to query a few obscure items on my statement. I think they look out for payments to undisclosed creditors or payments coming in from unusual sources, so if your finances are untidy try and keep them simple for a while, certainly don't go into any overdrafts if you do that.
The underwriters called to query a few obscure items on my statement. I think they look out for payments to undisclosed creditors or payments coming in from unusual sources, so if your finances are untidy try and keep them simple for a while, certainly don't go into any overdrafts if you do that.
Edited by Gareth79 on Tuesday 18th January 12:59
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He'll be able to tell you what is and isn't possible. Certainly the easy route for self employed was to go the Self Cert route, think this has all but closed down due to abuse but there may still be the odd one around, deposit size (as a percentage) is going to help/hinder massively.
http://www.pistonheads.com/gassing/profile.asp?mem...
He'll be able to tell you what is and isn't possible. Certainly the easy route for self employed was to go the Self Cert route, think this has all but closed down due to abuse but there may still be the odd one around, deposit size (as a percentage) is going to help/hinder massively.
Gareth79 said:
When I applied (HSBC) I think they wanted 3 months pay slips and 3 months bank statements, then just before completion proof of a salary payment in the past month (I faxed an online banking printout showing just that entry).
The underwriters called to query a few obscure items on my statement. I think they look out for payments to undisclosed creditors or payments coming in from unusual sources, so if your finances are untidy try and keep them simple for a while, certainly don't go into any overdrafts if you do that.
My mortgage was mental...I've been at the same company for 10 years, earn good wage, and was remortaging my current house on 70% LTV.The underwriters called to query a few obscure items on my statement. I think they look out for payments to undisclosed creditors or payments coming in from unusual sources, so if your finances are untidy try and keep them simple for a while, certainly don't go into any overdrafts if you do that.
Edited by Gareth79 on Tuesday 18th January 12:59
They wanted a pay slip.....then later a P60.....then later a bankstatement showing my wage going into my bank....then at the last minute a letter from my company confirming my salary.
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