Nationwide - P60 or will pay slips do?

bclark

I am an exisiting Nationwide mortgage holder looking to move and get some additional borrowing in order to do that. I started a new job in October last year that paid the same salary but has OTE of £15k more so obviously I hope to be earning a good deal more money.

My question really is about what proof of earnings that I need to show. I appreciate that OTE is no guarantee and they won't take that figure into account so I will have to just work off what I have earned. I am planning to try for my new mortgage in May and I know for certain that I will have earned £3k commission by then (as I have already earned it) and that will show on my payslips. This is good as according to their affordability calculator this will get me what I need to borrow.

What I am not sure about though is whether my payslips will be sufficient as proof of earnings or must it be a P60? Obviously I will get a new P60 around April but that will mostly be referring to my old job and will only show a little bit of commission as its paid a couple of months after earning it. I could also probably get a letter from my employer confirming that this commission has been earned.

Any help from people that know Nationwides policies would be great.

ACG

They can request what they like, but if you have payslips i think you will be fine. There is little point in being forceful about a P60 that is 11 months out of date. However you can always request a copy to be safe.

gazareth

I have just done an application with Nationwide before Christmas. They asked for P60 and payslips.

b3ckford

Just done a full application today with nationwide, wanted last payslip and P60

bclark

I understand they ideally want a P60 and I can give them the last 10 if they want but I was just wondering if payslips can be used to demonstrate income that has come in since the last P60?

Thrugelmir

bclark wrote: »

I understand they ideally want a P60 and I can give them the last 10 if they want but I was just wondering if payslips can be used to demonstrate income that has come in since the last P60?

If its an issue. Leave it later than May to apply. Then you can clearly demonstrate that the commission is a regular source of income.

Your p60 gives indisputable evidence of your earnings in the past 12 months.

jaysb

Having just applied to the Nationwide, its both a copy of your P60 and your last payslip

If a joint app - then the same applies for each party

_Andy_

bclark wrote: »

I understand they ideally want a P60 and I can give them the last 10 if they want but I was just wondering if payslips can be used to demonstrate income that has come in since the last P60?

Why not just ring them and ask?

bclark

_Andy_ wrote: »

Why not just ring them and ask?

Well I could do its just tough to get the time to do it while at work, much easier to type a question on here.

Thanks for those that have answered so far, it seems as if P60 is the norm but I suppose that won't help me as my earnings will have increased a fair amount after the point that gets issued. It does say on their website that they will also accept an employers reference so I could get them to confirm my latest up to date earnings at the point of application?