What Documents do I need for applying for a mortgage?

When applying for a mortgage, you'll need to provide various documents to verify your identity, income, and financial situation. Here's a comprehensive list of the documents typically required by lenders:

1. Proof of Identity:

• Passport:
• A valid passport.
• Driving License:
• A full or provisional UK driving license.
• National Identity Card:
• If applicable.

2. Proof of Address:

• Utility Bills:
• Recent utility bills (electricity, gas, water) dated within the last three months.
• Council Tax Bill:
• The latest council tax bill.
• Bank Statements:
• Recent bank or building society statements showing your address.

3. Proof of Income:

• Employed Applicants:
• Payslips:
• Last 3 to 6 months of payslips.
• P60:
• The most recent P60 form.
• Employment Letter:
• A letter from your employer confirming your job status and income (sometimes required).
• Self-Employed Applicants:
• SA302 Forms:
• SA302 tax calculation forms from HMRC for the last 2 to 3 years.
• Tax Year Overviews:
• Corresponding tax year overviews from HMRC.
• Accountant’s Letter:
• A letter from your accountant verifying your income and financial stability (if applicable).

4. Bank Statements:

• Personal Bank Statements:
• Last 3 to 6 months of bank statements showing your income and outgoings.
• Business Bank Statements:
• If self-employed, provide the latest business bank statements.

5. Proof of Deposit:

• Savings Statements:
• Statements from your savings accounts showing the accumulation of your deposit.
• Gifted Deposit Letter:
• If part of the deposit is gifted, a letter from the donor confirming that the money is a gift and not a loan.

6. Credit History:

• Credit Report:
• Some lenders may require a copy of your credit report to assess your creditworthiness.

7. Details of Existing Debts:

• Loan Agreements:
• Information on any existing loans, including outstanding balances and monthly repayments.
• Credit Card Statements:
• Recent statements for all credit cards showing balances and payments.