Hand Written Pay Slips

looknohands

Are hand written payslips ok for a mortgage application? What alternatives are there, is a P60 ok alongside these?

amnblog

Lenders don't like them, very 20th C.


Expect the lender to ask to see your bank statements to see funds going in.


If you are paid cash, expect a reference from the employers Accountants to be requested.

Goldiegirl

The lender will probably ask the employer for a letter confirming your wages. The lender would expect the reply to be on the company's headed notepaper.

cns06

I would have thought 99.999% of employers use the HMRC online tool now for doing PAYE? This generates a payslip....

Prothet_of_Doom

cns06 wrote: »

I would have thought 99.999% of employers use the HMRC online tool now for doing PAYE? This generates a payslip....

I'm not sure why a small employer, wouldn't use it. It does all the calculations for you.

It generates a .CSV file which can be pulled into excel, and then formatted to be MORE readable.

It generates a p60 in Pdf format too.

looknohands

Well they are hand written so this is the .00001 % book keeper has been there 30 years part time, very much a 'this is how it's always been' operation, only two staff members on payroll, one being my girlfriend and the book keeper being the other, so maybe quicker to do that way rather than retrain the book keeper! Come to think of it I'm pretty sure they still document purchases in a physical book..

ACG

If you apply directly, run it by the lender/underwriter before doing any credit checks.

looknohands

amnblog wrote: »

Lenders don't like them, very 20th C

Why would the lender care how the business operates? Will they want to see the business accounts? Girlfriend is an employee of the business, not the director, seems odd they'd need to look at the business operations.

CKhalvashi

Expect a query to the employer and requests for bank statements.

Something would possibly need to come from the accountant too, however the above would IME be first.

amnblog

looknohands wrote: »

Why would the lender care how the business operates? Will they want to see the business accounts? Girlfriend is an employee of the business, not the director, seems odd they'd need to look at the business operations.

'I'll write you some hand written payslips this afternoon if you want.'


'The money won't show in your bank account because you are paid cash.'




That is why the Lender does not like it.

System

'I'll write you some hand written payslips this afternoon if you want.'


'The money won't show in your bank account because you are paid cash.'




That is why the Lender does not like it.

Or you could easily make computer generated ones using one of the various tools on the market or even just Excel.

The Lender is very naive if they only think hand written payslips can be forged