It can be a bit intimidating to prepare for a mortgage. To avoid any delays or potential snags, you’ll need to make sure that everything is in order. It’s a good idea to get credit reports from three of the largest credit reference agencies before submitting your application. Check for any errors that may cause issues. You can find help on what mortgage lenders require by visiting Mortgage advisors Gloucester like https://www.geniusma.com/.
What documents do I need?
Prepare everything before you apply. Documents required include:
P60 from your employer
Utility bills
Proof of any benefits
Payslips for the past 3 months
Driving licence or passport
Bank statements for the last 3-6 months
You will need to provide 2-3 years of account information if you are self-employed
For people who have more than one job, or are self-employed: SA302 Tax Form
All details must be correct and match what is written in the application.
This list is not comprehensive and lenders may require more documentation. Copies of documents are rarely accepted, so make sure you have hard copies or certified copies from a bank or solicitor.
Credit
You’ll be asked to show proof of your income, outgoings and any debts you may have, such as credit cards, store cards and loans.
Include any other expenses you may have, such as council tax, insurance or living costs.
The same steps should be taken for those who are looking to remortgage. You will also get advice about different products, and their suitability.
