Are you about to apply for a mortgage? Getting your paperwork in order for your mortgage application is a good first step, but what documents do you need and how far back do you need to go when it comes to bank statements? Here’s a detailed list of everything you need to prepare…
We want to make your mortgage application as seamless as possible. Having the right paperwork in order from the beginning will save a lot of time and worry in the long-term. Below is a list of documents needed for all mortgage or remortgage applications, regardless of your employment status…
All applicants
• Proof of ID: Passport or driving licence
• Your proof of address: Original bank statement/utility bill posted to you within the last 3 months, or your most recent council tax bill, or a driving licence if you have used a passport as proof of ID
• Bank statements for the last three months: Online bank statements are fine, but these must show your name(s), account number, sort code and a list of transactions. Bank statements in a spreadsheet form or screenshots won’t be sufficient – PDF files will be fine
• Most recent credit card or loan statements for any credit cards/loans/car finance held – the latest month is fine
• Most recent annual mortgage statement available (if applicable)
• Proof of deposit: e.g. a copy of an up to date savings account statement
• Existing life insurance/critical illness/income protection policy schedules
Credit cards
If you have any credit cards, please supply the following information:
• Name of creditor e.g. which credit card company you hold the card with
• Balance outstanding
• Credit limit
• Details of any current loans, including car finance and zero per cent finance
• Name of creditor with whom you hold the finance agreement
• The balance outstanding
• The monthly payment
• The number of months remaining on your agreement
If you’re employed (PAYE)…
• The documents listed in the ‘All Applicants’ section above
• Your most recent three months’ payslips: If you receive a quarterly bonus please bring the last four payslips showing the bonus being paid; if you earn a bi-annual or annual bonus please bring payslips covering the last two years showing the bonus being paid
• Your most recent P60 – please provide previous your P60 as well if bonus, commission or overtime income is being received
• Details of any employee benefits, such as Death in Service Benefit and/or sick pay details
If you’re self-employed, a sole trader or a partnership…
• The documents listed in the ‘All Applicants’ section above
• The most recent two years worth of HMRC Tax Calculations: Please download from the HMRC self-assessment website or ask your accountant
• The most recent two years worth of Tax Year Overviews: Please download from the HMRC self-assessment website or ask your accountant
If you’re a Limited company director…
• The above documents
• The most recent two years completed company accounts, notably the Audited accounts, signed off by a qualified accountant
• The most recent two years HMRC Tax Calculations: Please download from the HMRC self-assessment website or ask your accountant
• The most recent two years Tax Year Overviews: Please download from the HMRC self-assessment website or ask your accountant
If you’re a contractor…
• The above Limited company director documents
• Copies of your last two years’ worth of contracts, your current contract and confirmation of any forthcoming contract renewals
More information
We’re here to help, so if you have any questions about the paperwork needed, or you have any concerns, please get in touch with us.