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Question Re: P60 for mortgage application

Hi,

When i met with a mortgage advisor to discuss what i could lend i told him my salary but didn't mention i had recently had a pay rise.

When applying for a mortgage a lender could/will ask for my P60 for tax year 2010/11 which shows my old salary. Will i still be able to lend the amount based on my new salary or will my previous earnings from 2010/11 be taken into account.

I know they may also ask for wage slips but i just wanted to make sure it wasn't a problem

Thanks..

Comments

  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    They'll take what's on your paylips as your most up to date income. You may be asked to explain the difference, but that's about all.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Thank you!!!
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