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Question regarding proof of income
making_endsmeet
Posts: 17 Forumite
Hi,
I've had a look and couldn't see an answer to this question - apologies if I've missed it.
My girlfriend is due a pay rise; extra 5k a year (this has been confirmed by employer) in the next month or two. We are FTB's hoping to get on the ladder before xmas with a 5-10% deposit.
My question is what proof of income do lenders generally ask for? Obviously my girlfriend will have her payslips showing current salary but if by the time we apply she's only received one (increased) payslip will they be fine with this? Also, do they generally ask to see bank statements showing the salary being credited?
Thanks for your help.
MEM
I've had a look and couldn't see an answer to this question - apologies if I've missed it.
My girlfriend is due a pay rise; extra 5k a year (this has been confirmed by employer) in the next month or two. We are FTB's hoping to get on the ladder before xmas with a 5-10% deposit.
My question is what proof of income do lenders generally ask for? Obviously my girlfriend will have her payslips showing current salary but if by the time we apply she's only received one (increased) payslip will they be fine with this? Also, do they generally ask to see bank statements showing the salary being credited?
Thanks for your help.
MEM
0
Comments
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It varies from lender to lender, surprisingly enough.
The lender can write to the employer for a reference if it needs it.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.0 -
Sounds like it will all be fine.
Keep your bank statements safe and accessible for the rest of the year.
Keep within any overdraft limit and make sure you do not have any returned payments
Keep both your wage slips in a file ready to support your mortgage application.
Keep your P60's for 2012/2013 (which if you have not already received from your employer, you will shortly)
Use an independent, whole of market mortgage broker when the time comesI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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