When you apply for a mortgage any lender will typically require, proof of identity and address, and proof income. The paperwork needed for a bad credit mortgage is similar to a normal application, below is a brief explanation of what the lender will need to be able to fully assess your application:
Proof of Identity:
Every lender will require you to be able to prove your identity. You will need to be able to provide at least one of the following for each applicant on the mortgage application.
- Valid Passport
- Driving Licence
Proof of address:
Like proof of identity, each applicant will need to provide at least one of the following dated within the last 3 months to confirm their address.
- Bank / Building society statement
- Mortgage Statement
- Utility Bill
- Council Tax Demand
- Driving licence (if not used for identity)
Proof of Income:
- Last 3 months payslips
- Latest 3 months bank statement
- Latest P60 (possible last 2 years if using bonus income)
- Latest 2 years accounts
- Latest 3 months bank statements
- Last 3 years SA302’s
- Last 3 years tax year overviews
(SA302’s and Tax year overviews can no longer be printed via HMRC’s online portal, please now call HMRC on 0300 2500 3310, you will need your National insurance number and Taxpayer reference. You just need to ask for the last 2 years SA302s for mortgage purposes. They will then post them out to you)
Contact us today to see how we can find you a great deal on your new mortgage!