Mortgage (moving house) when signed off sick from work

Cogan16

Hi!

I currently have a mortgage with around £70,000 equity. I've had an offer accepted on a new house and a mortgage promise (Halifax). My latest 3 months wage slips show Stat sick pay / occupational sick pay as unfortunately I have been off work for the last 4 months. Halifax are now asking to see another latest payslip ( so 4 in total) which will also show sick pay. Is this a reason to decline a mortgage? I get full sick pay and am back at work next week.

Thanks for any advice!

X

SuboJvR

Would it be worth asking your employer for a letter confirming your usual annual salary plus confirming your imminent return to work?

Cogan16

Thanks for your reply, I have already given Halifax a letter of my annual salary from my employer dated April 17. They are still asking for an additional payslip though. Halifax haven't actually mentioned the sick pay yet but I am worried that's why they are asking for another pay slip. I haven't contacted my employer about a return to work date letter but I suppose I could. Just wondering if it is grounds for a refusal! Thanks

SuboJvR

Cogan16 wrote: »

Thanks for your reply, I have already given Halifax a letter of my annual salary from my employer dated April 17. They are still asking for an additional payslip though. Halifax haven't actually mentioned the sick pay yet but I am worried that's why they are asking for another pay slip. I haven't contacted my employer about a return to work date letter but I suppose I could. Just wondering if it is grounds for a refusal! Thanks

It may be unrelated, the extra payslip. May be they are looking at other values, they're just looking for consistent affordability really.

I had overtime in one of the months payslips I supplied. Big chunk of it too, unusually as my company missed it the month prior. Then no overtime other months. So it looked odd, but they basically used that value to assume an average over the year.

Carrot007

Do you get paid 4 weekly? That being 13 times a year they woould want 4 payslips to cover 3 months.

Just a thought.

Cogan16

SuboJvR wrote: »

It may be unrelated, the extra payslip. May be they are looking at other values, they're just looking for consistent affordability really.

I had overtime in one of the months payslips I supplied. Big chunk of it too, unusually as my company missed it the month prior. Then no overtime other months. So it looked odd, but they basically used that value to assume an average over the year.

Yes you are right, I may be jumping the gun a bit! My payment for this month was £45 less than the last 2 months, think I am worrying about this too!

Cogan16

Carrot007 wrote: »

Do you get paid 4 weekly? That being 13 times a year they woould want 4 payslips to cover 3 months.

Just a thought.

I get paid on the same day each month, thanks

amnblog

Cogan16 wrote: »

Yes you are right, I may be jumping the gun a bit! My payment for this month was £45 less than the last 2 months, think I am worrying about this too!

They will probably query that as well.

Thrugelmir

Why would your employer write a return to work letter. You'd be notifying them surely.

SuboJvR

Thrugelmir wrote: »

Why would your employer write a return to work letter. You'd be notifying them surely.

I didn't realise the OP had demonstrated usual salary to the lender already, and that they would be returning to this shortly. Though one assumes the sick pay arrangements cover the mortgage payments at the moment anyway.

Cogan16

amnblog wrote: »

They will probably query that as well.

Any advice on what to say? Is £45 down a lot? Thanks