For any type of mortgage, there are specific documents that will need to be readily available. We will ask for these before we submit the full application to the lender. The specifics will be dependent on your circumstances and the lender of which you are applying to.
A great place to start would be getting a copy of your credit report.
- Ensure you are registered on the electoral roll at your current address
- Ensure your address history is accurate
- Avoid payday loans and overdrafts where possible
Different lenders will look at your credit report differently, however we are able to pre-empt this if you have a copy to hand during our initial appointment.
ID and Address Documentation
You will need to be able to provide in-date and valid proof of ID and address in order to satisfy anti-money laundering requirements. The following are some examples:
- Passport – must be in date and valid
- Driving Licence – must be in date and valid. If it is to be used as proof of address, it must state your current address
- Council Tax Bill – Latest yearly statement
- Utility Bill – dated within the last 3 months
- Bank Statements – if these are to be used as proof of address, they must be physical copies either from a branch or postal copies.
- You must be able to evidence your income fully by providing the latest 3 months’ payslips or latest 2 years SA302’s if you are self-employed.
- You will also need to provide the last 3 months bank statements showing your income being credited.
Proof of deposit
- Savings will need to be evidence by bank statements with explanations for any large lump sums
- Gifted deposits will need to be evidenced with a gifted deposit letter and proof that the funds are readily available.
- Any monies being raised by a separate mortgage will need to be evidenced by a mortgage offer or completion statement from the solicitor – depending on how far along in the process it is.