What documents do you need to apply?
Regardless of your mortgage provider, you’ll need the following documentation:
- Photo ID: such as a valid passport or driving license.
- Proof of your current address: such as a household bill in your name.
- Proof of your income: your latest P60.
- Three recent payslips.
- Current account bank statements for the last 6 months.
- Savings account statements for the last 6 months.
- 6 months credit card statements.
- Proof of rent paid to the landlord (if applicable). Rent book not sufficient.
- Details of any loans, amount, rate and repayment (if applicable)
- Salary cert stamped by an employer.
- Self-employed 3 years certified accounts.
- Fully completed application form.
What is a mortgage in principle?
Also known as an “Approval in Principle”. An approval in principle is a certificate or statement from a lender to say that ‘in principle’ they would lend a certain amount to a particular prospective borrower or borrowers based on some basic information.
We can provide you with impartial advice, tailored to your individual circumstances.
- Having a Mortgage in Principle to show that you can in theory afford to buy a property could make you a more attractive buyer and stand you apart from other prospective buyers.
- If you have had credit problems in the past, or if you have a limited credit history and aren’t sure what a bank or building society might lend to you, n AIP could give you added reassurance around your borrowing prospects
- An AIP is not a guarantee, and when you go through the full application process and the lender looks at your earnings and credit history in more detail they may decide not to lend to you
