The papers that you'll need to get a mortgage
Boring old paperwork! Sorry but, if you want a mortgage, paperwork is involved.
The good news is that we are here to help you.
Below is a list of the paperwork needed. Simply collect them together and bring them with you when you come to see us, we will then deal with them for you.
If there is anything on the list that you don't have, don't panic. We can negotiate on your behalf with lenders for special consideration or search for a lender that only requires the paperwork that you have.
If you are in the habit of throwing away the listed papers, start keeping them from now on so that your choice of lender will increase.
So here is the list...
Proof of identity and address
All financial firms are required by law to get proof of identity and address.
You will need for each person on the mortgage at least one proof of identity and one proof address.
There are five simple rules:
- One item for each person from list A (below).
- One item for each person from list B (below).
- No single item can be used for both proof of identity and address.
- No single item can be used for more than one person.
- No mobile statements or statements from the Internet.
List A - Proof of Identity - one of the following
- Current Full Signed Passport (or EU state ID card).
- Current EU Photo Driving License.
- Firearms/shotgun license.
List B - Proof of address - one of the following
- Latest Residential Mortgage Statement.
- Latest Council Tax Bill.
- Bank/Building Society statement dated within last 3 months.
- Utility Bill dated within the last 3 months (not a mobile phone bill).
- Current EU Photo Driving License.
- Current UK Paper Driving License.
Confused? For examples, click here (opens in a new window).
Proof of income
If you were looking for a Self-Cert mortgage then we have some unfortunate news for you - they don't exist at the moment and we don't know if they will ever reappear.
Each lender has different requirements but if you can get the following then you should be covered for whatever mortgage you decide on.
Employed proof of income
- Latest 3 months payslips.
- Latest P60.
Self Employed/Own Company proof of income
Accounts! Unfortunately you will need them.
If you have three years' accounts that is perfect but the good news is that we have access to lending sources that will only require one year's accounts and lending sources that will take into account any money that your company has paid you.
Bank statements
Each lender has different requirements but if you can get six months bank statements together then you should be covered for most eventualities.
Proof of mortgage payments
Are you a homemover or remortgaging?
Lenders will want to see that you have been making your mortgage payments.
With any luck that will be shown on a credit search when you apply for your new mortgage but just in case it isn't, dig up your latest mortgage statement, at the very least the details on it will help you fill in the application form when you come to apply.
Not on the electoral role for the last 6 years?
When you apply for a mortgage, the lender will carry out a credit search to check your credit history.
Being suspicious souls, if they can't see you on the electoral role for the last 6 years then they may ask for proof that you actually were living where you say you were living. Examples of what they will accept are credit card or bank statements, one for each six months that you are missing from the electoral role.
Employer's sick pay scheme
Do you know exactly how much you will be paid if you are off work for and for how long?
If you don't know then simply show us your employee benefits booklet and we will find out for you.
Existing Insurances
Do you have existing life/critical illness/income protection insurance?
If you do you probably have pile of paperwork from the insurance company, at least 50% of which is waffle. Don't worry about sorting it out, show us all the papers and we will go through the paperwork and summarise the details for you.
And remember
- The above is a guide to what paperwork will cover most people's requirements.
- Don't be afraid to show us papers even if you aren't certain they are needed, better too much than not enough.
- If there are things on the list that you are in the habit of throwing away, start keeping them now.
- We can negotiate on your behalf with lenders for special consideration or search for a lender that only requires the paperwork that you have.
- If you have any questions then ask us.
- We are here to help you.
Mortgages & Loans. Conveyancing. Debt Management.
Life, Critical Illness, Income Protection, Buildings & Contents Insurance.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. We do not usually charge a fee for mortgage advice but you have the option to pay a fee if you wish. Contact us for further details.
Secured and Unsecured Loans are arranged by way of introductions to Promise Solutions Limited, they are provided on a non-advised basis and the typical APR is 17.43%.
Slough Mortgage Centre Limited. Registered Office "Willsgrove", 10 The Chimes, Dean Close, High Wycombe, HP12 3HR. Registered in England no. 04460564. Consumer Credit Licence no. 636893.
An Appointed Representative of Julian Harris Mortgages Limited, Musgrove, Ashford, Kent, TN23 7UN, which is authorised and regulated by the Financial Services Authority no. 304155.
