Docs for a full mortgage application - Just 1 payslip?

property.advert

Why bother with any payslips ? You could print one off in 5 minutes and have it matched to a deposit made to your account from a company bank account which you opened up to make sure the entry on your bank statement came from the company for whom you supposedly work.

Hardly rocket science.

ruggedtoast

Ing only asked me for one payslip. That was everything. You have to prove your Id to the solicitor anyway later on.

Ms_Sophia

ruggedtoast wrote: »

Ing only asked me for one payslip. That was everything. You have to prove your Id to the solicitor anyway later on.

Thanks.

Can I ask you whether your valuation of your property was done OK? i.e. if surveyors instructed from ING have come up with a fair valuation? or has it been valued below your purchase price?

handytips

Ok. If you are on the voters roll then this is what the Lender checks, if you are not on the voters roll it will be a totally different story. The other responsibility of I.D and Proof of residence checks lie with the solicitor dealing with the Remo, some of the freebie sols will only ask for you Passport number as proof. Most lenders only ask for the latest payslip others will ask for the Payslip and corresponding bank statement (online statements only accepted if stamped and signed by your bank) please dont argue about the Online statement rule as if you dont supply what they want, you wont get, a bit anal i know, but i deal with all the lenders on a daily basis and all have their own quirks. If the lender suspects any of the information you have supplied in the future as being incorrect, it could come back to bite you. GOOD ADVICE. With my clients i always supply the following to the lender whether they ask for it or not. Payslip, bank statement, utility bill dated within the last 3 months, copy of passport (i am allowed to sign the originals and verify them) or DL, this then covers your back, as often the general public if applying online themselves will make the odd mistake.
On average an online application should take no longer than 20 mins, although once again i do this on a daily basis and know the quirks, believe it or not !! some of the questions are quite difficult to understand. Good Luck

ruggedtoast

Ms_Sophia wrote: »

Thanks.

Can I ask you whether your valuation of your property was done OK? i.e. if surveyors instructed from ING have come up with a fair valuation? or has it been valued below your purchase price?

I went through the mortgage process twice. The first house we pulled out of after the searches came back, the second house we bought.

ING were very efficient and hassle free throughout. Everything was turned round just about same day, they answer the phone in about two rings, and they seemed to want to make it as easy as possible for us to proceed. I hesitate to say I would wholeheartedly recommend a financial institution but I would recommend ING based on our experience, not least of all because we got a good rate with them.

There was no problem with the valuation on either occasion, you should be aware though that its not ING that does the valuation, its the surveyor, who is probably a contractor and should come up with the same valuation regardless of who the lender is.

sunshineband

we are going through Natwest at the moment for our first mortgage. They asked for bank statements and 3 months of pay slips but I think it does depend on the lender you are with. We gave them as much information as possible and included our ID (even though they didn't ask for it) to be on the safe side in case they came back and asked for it.

Ms_Sophia

Well, the news in this story are - now ING is saying that they cannot lend us the money we asked for... based on affordability! and why is that? because they've only taken into account a salary of main applicant (myself) and not a salary of 2nd applicant (hubby). Although we obviously applied as joint applicants, provided details of both of our salaries etc. etc. ING themselves only requested 1 payslip from me and no docs from 2nd applicant. And... surprise-surprise - they now base our affordability on only 1 salary!...

Frankly I am on the end of the rope with ING... Looks like they treat the rate we applied for as a loss leader and trying their best not to give it to anyone... I can't imagine any other explanation...

The_Palmist

did you not receive your final offer from ING ? have they sent anything to your solicitors ?

The_Palmist

Ms_Sophia wrote: »

Also am a bit concerned that we're here on Tier 1 visa's but ING doesn't seem to be interested in this info, as they don't ask for our passports or for any visa's... Can they later on try to reject us on this basis saying "we didn't know you were not UK citizens cause you didn't provide us with this info... but now we know and will not give you mortgage because of that"

Any thoughts please?

have you tried informing them about visa status anyway ?

Ms_Sophia

Haven't received anything yet from ING. Have to call them every day to find out that the valuation came back with a lower figure, and they cannot lend us as much money as we wanted. But they can lend us 60% of the valuation number. Another 2 days passed by with no offer, and now a new thing from them - after confiming via phone that they could lend us 60% of the valuation number, now they say they cannot! :mad: based on affordability. But! this affordability test they did based on the salary of 1 applicant only, totally ignoring the salary of a 2nd applicant...:eek: