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12 months wage slips
Jaspercat17
Posts: 19 Forumite
NatWest are asking for 12 months wage slips is this standard procedure?
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Comments
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Doesn't sound like it however if they have reason they can ask for whatever evidence they feel they require.0
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Is it to prove the source of your deposit? I have seen threads where people have been asked this to prove deposit saving.0
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My boyfriend works in sales so his wages can be up and down but when they have been low they havnt made a substantial effect. This has totally thrown me a bag of nerves.0
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We have deposit gifted, had to have a form signed.0
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Its not normal. But I have known it happen.
I had to do one last year where the clients payslips were all different depending on whether they worked days/evenings/weekends/bank holidays/overtime etc. I had to go and average them all out...nightmare! They accepted the figures I gave them and it all went through fine.I am a Mortgage AdviserYou 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.0 -
Do you think this could be a bad sign? I feel like it's just thrown a spanner in the works. Fingers crossed this happens for us, hopefully we should have answere by the end of the week. The tipple will either be champagne for approved or whisky for declined! 🙈😩0
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Jaspercat17 wrote: »Do you think this could be a bad sign?
If underwriters have requested further information. Then it's in order that they can make an informed decision. As your application maybe for some reason on the borderline in terms of the criteria applied by the lender. Not always black or white. There's a grey band in the middle. Keep everything crossed. Hope everything goes well for you and you get the mortgage offer..0 -
Jaspercat17 wrote: »NatWest are asking for 12 months wage slips is this standard procedure?
I have a variable income and took out a mortgage with Natwest.
They asked for 3 years worth of payslips. They approved me.0 -
I have a variable income and took out a mortgage with Natwest.
They asked for 3 years worth of payslips. They approved me.
3 years!!! Jesus. :eek: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.0 -
My word 3 years?! Glad you approved you, made it all worthwhile.
After you produced the proof, did they get back to you quite quickly?0
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