Santander Mortgage

lozahill89

Hi guys,


I have a meeting with my mortgage advisor after having an offer accepted on a house. My original AIP was with Halifax but looks like Santander may be the best now.


I was wondering if anyone knows which documents Santander usually require? We have a 15% deposit and both have good credit histories. Based on the current interest rates our repayments would be £660 which is well within what we can afford.


Thank you,


Laura

Wh05apk

Normally just most recent payslip, unless you are using bonus/overtime, then 3 months.


Your broker may likely need more for their compliance.

Thrugelmir

lozahill89 wrote: »

Based on the current interest rates our repayments would be £660 which is well within what we can afford.

Lenders assess affordability on a what if basis. Not least that interest rates won't remain abnormally low forever.

lozahill89

Thank you guys! Thrugelmir, I am aware of this, we would still be able to afford mortgage repayments if the interest rates were to rise top 7 % even at current salaries. I have thought about that all don't worry


I was just wondering which evidence documents Santander would actually look at.


Thanks guys,


Laura

Engagedtobaz

I remortgaged with Santander in May. I gave my P60 and three months bank statements.


Hope this helps.