mortgage - paid cash in hand, legally. issues?

sally1298

Question on behalf of my friend:

I have been paid in cash for 1 year now, I have paid tax and am on the books.
To obtain a mortgage, would I struggle? I can request to be paid via Bacs for foreseeable future, as I start a new role next month.

I only ask as I am asked for 3 months bank statements which wouldn't show salary credited to account?

Thank you

ACG

There are only a couple of lenders who accept it.
They would want more paperwork than normal, they would potentially do checks with the companies accountant and/or HMRC.

sally1298

would you mind pointing me to the right direction please?

ACG

A broker?
Im not allowed to name lenders as there could be other reasons why they may reject you. If I point you to a lender and that happens im opening myself to a complaint...ACG said.... then our regulator castrates me and I dont really fancy that.