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How important are P60 when applying for mortgage?

Liyana89
Liyana89 Posts: 29 Forumite
10 Posts Name Dropper
in Mortgages & endowments
I don’t have my latest P60, due to personal reasons.. 

So if I wanted to in the future apply for a mortgage (within this year), and I can’t provide a p60 does that mean I have no chance to get a mortgage? 

Would be grateful for any help thanks! 

Comments

  • K_S
    K_S Posts: 6,900 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 8 April 2021 at 1:27PM
    @liyana89 Generally speaking, if you're relying on basic income, most mainstream lenders will not require a P60.

    It's only when you need variable income (overtime, bonuses, commission, etc) to be considered that some lenders may require it for evidence of a track record.

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Liyana89
    Liyana89 Posts: 29 Forumite
    10 Posts Name Dropper
    Yes it’ll be basic income, so no extra income (that’s what you meant right?)
  • MoneyPenguin
    MoneyPenguin Posts: 7 Forumite
    Name Dropper First Post Photogenic
    I've had 2 mortgages and I've never had to submit one. They normally ask for payslips.
  • Liyana89
    Liyana89 Posts: 29 Forumite
    10 Posts Name Dropper
    Ah great to know! Thank you very much for your reply 
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