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mortgages and payslips
TOM123
Posts: 2 Newbie
hello,
i have a mortgage in principle but i have noticed one of my three payslips doesnt match bank statement? it is about 19P different. will this cause any issues and would they write to my employer to confirm earnings?
kind regards.
i have a mortgage in principle but i have noticed one of my three payslips doesnt match bank statement? it is about 19P different. will this cause any issues and would they write to my employer to confirm earnings?
kind regards.
0
Comments
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I would think that would be ok
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You might get a visit from the feds for fraud0
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FOR FRAUD? are you serious? i thought it wouldnt be much of an issue?0
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I'm pretty sure the previous poster was joking!0
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Nobody will care about 19p, or £19, if it was out by £19k then you may have issues, but for 19p I think you can sleep soundly.0
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would it be a problem if they contacted your employer?£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
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It would come under scrutiny.
Three months payslips and three months bank statements are routinely requested by many brokers and lenders.
One of the reasons for this is to guard against artificial income inflation and the payslips net payments and bank salary credits are compared to ensure they match exactly.
I would suggest the borrower obtains an explanatory letter from their employer to cover this off prior to submission to a lender.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
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