Start collecting all the documents you’ll need for the mortgage application process. This might include:
- utility bills
- proof of benefits received
- P60 form from your employer
- your last three months’ payslips
- passport or driving licence (to prove your identity)
- bank statements of your current account for the last three to six months
- 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.
Be accurate. Make sure the information on the application form matches the documents you give them.
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 you want to buy, the estate agent and your solicitor.
These are the basics – some lenders might ask for more paperwork.
Bear in mind lenders might have different criteria around income and outgoings.
Ask your lender or independent mortgage adviser what else you might need.
Please note, printouts of online statements of your current account and utility bills might not be acceptable.
You will either need hard copies or to have copies certified by your solicitor, your bank or your utility provider.