When meeting with banks and building societies to try and arrange a mortgage, they will require you to bring a range of documents. These are needed to prove your financial history, and that the mortgage repayments will be met each month.
Although the banks should inform you of the documents needed in advance of the meeting, the best strategy is to gather all the paperwork you might need, as soon as possible, to make the application process more efficient.
Standard mortgages tend to require more paperwork than buy-to-let mortgages, but there are still many documents you may be asked for, such as:
- Proof of income this is often your last three months payslips
- Proof of mortgage statement on existing property
- Proof of rental income
- Proof of deposit if you’re receiving help from a donor you also need their written confirmation
- Proof of bonuses and commission
- Proof of ID e.g. passport
- Proof of your address
- Your most recent P60 tax form
- Your SA302 tax return forms although this is mainly for those who are self-employed
Some documents, such as the SA302 tax return forms, can take several weeks to receive from HMRC, so it is important to gather your documents early.