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NatWest Mortgage Application

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Mark_goods
Mark_goods Posts: 5 Forumite
in Mortgages & endowments
Hi,

I submitted a mortgage application through a broker to NatWest and received an AIP for 240k, 40k deposit. I then found a house for 217k and submitted a formal application with a larger than 10% deposit. I was asked for 3 pay slips. Today, after a week or so I have been asked to provide a further three payslips. Is this anything to be worried about?

Thanks

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What can the lender see that we can't?
  • ACG
    ACG Posts: 24,565 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Are you paid weekly?
    I am a Mortgage Adviser
    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.
  • Mark_goods
    Mark_goods Posts: 5 Forumite
    Nope. Monthly. 12 pay days a year
  • ACG
    ACG Posts: 24,565 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Varying pay? Commission/Overtime/bonuses?

    Have they told you why they need them?
    I am a Mortgage Adviser
    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.
  • Mark_goods
    Mark_goods Posts: 5 Forumite
    Yeah I get a yearly salary, regional salary and unsocial hours payments that vary month to month but are roughly the same. Overtime as well.
  • Mark_goods
    Mark_goods Posts: 5 Forumite
    They haven't said why. Just broker emailed to say the bank underwriters have requested a further three to satisfy their requirement.
  • LRmortgage
    LRmortgage Posts: 484 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Nat West usually take the average of the last 6 monthly pay slips for variable (overtime, commission etc) to work out your annual income.
    I am a Mortgage Adviser
    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.
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As above, due to the variable pay, standard request.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • ACG
    ACG Posts: 24,565 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Without knowing more, I would say standard practice to provie 6 months payslips or the last 2 years P60s by the sounds of it.

    I would probably have had them prior to submission but nothing to be concerned about on the face of it.
    I am a Mortgage Adviser
    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.
  • Mark_goods
    Mark_goods Posts: 5 Forumite
    Thank you all. Much appreciated
This discussion has been closed.
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