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Wages go in via cheque
pollyanna24
Posts: 4,390 Forumite
My boss gives me a cheque every month which I pay into my current account. Will this be proof enough of my wages for a mortgage with Nationwide?
I can't remember how he used to pay me when I got my last mortgage (over 9 years ago).
I can't remember how he used to pay me when I got my last mortgage (over 9 years ago).
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
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Comments
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Payslips, P60 are actual evidence.0
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As long as your payslip net pay and the cheque paid into your account soon after match, you'll be fine. Same as if it was paid in by BACS etc.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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Thanking you.
I posted two cheques in yesterday (one happened to be my pay cheque and the other one was one from my dad), but when I look on my online statement, it just shows the total amount of cheques paid in.
So, they wouldn't match my payslip. I'll just have to avoid paying in more than cheque at a time for the next few months.Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810 -
Oops, that could cause a bit of complication. It would be upto your mortgage adviser to explain it to the lender. It also depends on the lender as some lenders are more fussy that the others. Yes, you would need to be careful and not deposit multiple cheques at the same time.
Also, on your salary slips, whats the method of payment? Does it say payment method as cheque.0 -
A client asked me about this very subject yesterday.
If the lender wants to check your bank statements you will just need to explain where figures do not match.
Messy, but not a deal breaker.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.0 -
Thanks everyone. I am not applying for the mortgage for a few months (although exactly when will depend on another question I have posted on this forum).
I have no mortgage adviser. I am going direct to Nationwide who I have my current mortgage with.
As for what it says on my payslip, I have no idea. I will have a look when I get my next one from work or look at the ones I have at home.Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810
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