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Last year's P60

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Hi all,


Anyone know why a mortgage provider would want last year's P60? I don't have one as I was unemployed at that time after taking voluntary redundancy. I have been in my current job since Jun 13 so it's not like I'm only recently employed (and was at previous employer for 13 yrs so I'm not a job hopper).

Comments

  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Some lenders just always want to see a p60, some to verify overtime, bonus or generally to confirm income.

    You will fail some lenders criteria due to not being consecutively employed for 12 or 18 months depending on lender.

    Did you go direct or through broker and which lender?
    I 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.
  • Paulaviki
    Paulaviki Posts: 297 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I didn't really think about why they wanted it. I just provided it!
  • adzy77
    adzy77 Posts: 138 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    On your application did you enter an amount for bomus or overtime on top of your salary?

    I had to provide mine as I entered my bonus that I get
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    AlecEiffel wrote: »
    Anyone know why a mortgage provider would want last year's P60?

    Proof of earnt income in the year.

    Do you have your copy of the P45 you were issued with at the time you made redundant.
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