020 8652 5240 info@mbassociates.net

WHAT TO BRING TO YOUR MORTGAGE APPOINTMENT

We want to make your mortgage application run as smoothly and quickly as possible for you.  To help us do that, please collate the following information, as relevant to your employment status, and either bring original document copies with you to your mortgage appointment, or scan and email to your advisor before your appointment.

If you’re not sure about what you should or shouldn’t bring with you, please don’t hesitate to check before your appointment with your advisor or another of our friendly team members, who will be delighted to advise you.

Mandatory documents for all mortgage or remortgage applications, regardless of 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
  • Most recent 3 months’ bank statements: 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 are not acceptable
  • Most recent credit card or loan statements for any credit cards/loans/car finance held: Just the latest month is fine
  • Most recent annual mortgage statement available: If applicable
  • Proof of deposit: E.g. copy of savings account statement
  • Existing life insurance/critical illness/income protection policy schedules

For all applicants, for any current credit cards please confirm

  • Name of creditor e.g. which credit card company you hold the card with
  • Balance outstanding
  • Credit limit

For all applicants, for any current loans/car finance/ 0% finance please confirm

  • Name of creditor e.g. what is the name of the finance company you hold the account with
  • Balance outstanding
  • Monthly payment
  • Number of months remaining on your agreement

 

In addition to the mandatory documents listed above, if you’re Employed (PAYE):

  • Most recent 3 months’ payslips: If you receive a quarterly bonus please bring the last 4 payslips showing the bonus being paid; if you earn a bi-annual or annual bonus please bring payslips covering the last 2 years showing the bonus being paid
  • Most recent P60: Please provide previous P60 as well if bonus/commission/overtime are received
  • Details of employee benefits, such as Death in Service Benefit and/or sick pay details

In addition to the mandatory documents listed above, if you’re Self-employed sole trader or partnership:

 

In addition to the mandatory documents listed above, if you’re a Limited company director:

  • Most recent 2 years completed company accounts: Audited accounts, signed off by a qualified accountant
  • Most recent 2 years HMRC Tax Calculations: Please download from the HMRC self-assessment website or ask your accountant

Contractors (in addition to above limited company director documents):

  • Copies of your latest 2 years contracts: Original contract + renewals

 

READ WHAT OUR CLIENTS HAVE TO SAY...

“I have been using the services of Monica Bradley Associates since my children were little. They are now 28 and 26. I can only say that we were very lucky to have the best advice in the most important time in our lives. Having several moved several times we have used Monica Bradley for mortgages and financial advice. Over the years my husband has always said we have been very lucky to have had Monica and her staff looking after us when it came to financial advice in all areas. We recently used Monica Bradley Associates for our fourth move in October to Worthing. My husband is self-employed and always had his own company, so getting the correct advice was always paramount for us. I am now looking forward to my daughter buying her first property and she will be looking to use Monica for this as well. Great company and great staff.” Mr and Mrs Francis, West Sussex

For insurance business we offer products from a choice of insurers.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.