Proof of income

inch_high

I used to be an underwriter for Halifax about 10 years ago. When people had a decent credit score/low LTV, we wouldn't ask for proof of income, or bank statements.

I know the mortgage world has changed a lot since then, as lenders have to show that they're lending responsibly since the crash in 2008.

Do they now check proof of income on all applications? Or do some still go through without these checks?

Thanks
Rob

amnblog

By law since 2014 income has to be checked on a residential application.

inch_high

Thanks. Will they always check bank statements too?

betmunch

inch_high wrote: »

Thanks. Will they always check bank statements too?

Depends on the lender.


Might be an idea to say what your concern is rather than ask questions. Then someone can say if its going to be a deal breaker.