2 P60's - Mortgage Application

kiddakidda

Hi All,

After last weeks disappointment with my current lender (Chelsea BS) dropping the amount I could borrow by approx 25k, I then enlisted the help of a Broker who is a friend of my OH.

Anyway, things at this stage seem to be going well. DIP & Application on Tuesday and advised us that we can borrow well in excess of the required amount. Valuation done yesterday which we are told is acceptable to the lender.

The only question I have is that they requested 2012 & 2013 P60's along with usual 3 month Bank Statements and Payslips.

I do earn bonuses in my role that have really kicked in over the last 12 months but on my previous 2 P60's they are not so obvious.

Quite clear on my recent payslips though.

Thoughts?

amnblog

Yes, if you need the Lender to consider that your bonuses can be relied on long term many will want to see more than some payments in recent months.

That is why they sometimes request previous P60's.

Talk to your broker.

kiddakidda

Cheers,

Broker has said that NW are happy with application but there is a 'Technical Hitch' with the Valuation??

Should be resolved within 48 hours then hopefully offer