Mortgage lenders will almost always require a minimum amount of paperwork for mortgage applications.
The paperwork required will vary depending on the application type and requirements. As a bare minimum it is in your interest to have the below available to your advisor as early as possible:
The paperwork required will vary depending on the application type and requirements. As a bare minimum it is in your interest to have the below available to your advisor as early as possible:
- 3 months worth of payslips for each applicant if employed or tax calculations and overviews if self-employed.
- Proof of identity in the form of a passport, driving licence
- Proof of residency showing your current address in the form of a utility bill, bank statement, council tax letter .
Deposit
If you are purchasing a property that requires a deposit (First time buyers & upsizers) it is important you have this available before the mortgage completes as this will be requested by your conveyancer.
It is also important that proof of deposit is provided to your mortgage advisor as soon as possible, some lenders will request this and not having it to hand may delay the mortgage application process. If this deposit is in the form of a gift from a friend or family member, your mortgage advisor will require a form to be signed outlining this.
To find out how much deposit you are likely to require please visit our helpful advice page.
Fees
In the event there are fees attached to your mortgage application you will be required to have these funds available by completion of the mortgage. If these fees are lender booking fees then you will often get the opportunity to pay them upfront before application or in many cases they can be added to the loan.
If you are purchasing a property that requires a deposit (First time buyers & upsizers) it is important you have this available before the mortgage completes as this will be requested by your conveyancer.
It is also important that proof of deposit is provided to your mortgage advisor as soon as possible, some lenders will request this and not having it to hand may delay the mortgage application process. If this deposit is in the form of a gift from a friend or family member, your mortgage advisor will require a form to be signed outlining this.
To find out how much deposit you are likely to require please visit our helpful advice page.
Fees
In the event there are fees attached to your mortgage application you will be required to have these funds available by completion of the mortgage. If these fees are lender booking fees then you will often get the opportunity to pay them upfront before application or in many cases they can be added to the loan.
It is in your interest to respond to any requests by your mortgage advisor as quickly as possible. Your mortgage advisor will in most cases relay any information they have or require from you as soon as it is requested from them.
This is particularly important where market interest rate movements are very volatile.
This is particularly important where market interest rate movements are very volatile.
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