Mortgage in Principle requirements

lew_b1990

Hi,

I was wondering if someone could point my in the right direction with regards to a mortgage in principle. With regards to showing income I am under the impression that its 3 months worth of pay-slips that I would need to show. Is this correct or does it vary depending on who you are dealing with?

Thank you 

ACG

It varies from lender to lender. I did a case today where they wanted 1 payslip. 
I did one earlier in the month where they wanted 26 payslips (she is paid weekly) and a P60. 

[Deleted User]

Hi you don’t need to show any wage slips to get a mortgage in principle only when move to full offer

K_S

lew_b1990 said:

Hi,

I was wondering if someone could point my in the right direction with regards to a mortgage in principle. With regards to showing income I am under the impression that its 3 months worth of pay-slips that I would need to show. Is this correct or does it vary depending on who you are dealing with?

Thank you 

@lew_b1990 If you're doing a mainstream lender AIP/DIP direct, it's based on whatever you key in, no documentation is usually required at that stage.

If you're going through a broker, they will usually review your payslips to make sure that the AIP/DIP is keyed in correctly, as per the specific lender's criteria and to maximise income. As a standard requirement, I get 3 payslips but it can be more if there is variable income involved.