Essential Checklist: Documents You Need for a Hassle-Free Mortgage Appointment
Preparing for your mortgage appointment is crucial for a smoother and more efficient application process.
Bringing or sending over the correct documents can significantly speed up the approval of your mortgage or remortgage.
At Kerr & Watson, we aim to make this process as seamless as possible, providing expert advice and support every step of the way.
This guide outlines the essential documents you’ll need for your mortgage appointment, tailored to your specific employment status, to help you prepare effectively.
Documents Required
Regardless of your employment status, certain documents are universally required for all mortgage or remortgage applications. These documents help verify your identity, address, and financial situation:
- Proof of ID: Passport or driving licence.
- Proof of Address: Original bank statement or utility bill dated within the last three months, or your most recent council tax bill.
- Bank Statements: Most recent three months’ bank statements. Online statements are acceptable if they include your name, account number, sort code, and transaction list.
- Credit Card and Loan Statements: Most recent statements for any credit cards, loans, or car finance you have.
- Annual Mortgage Statement: If applicable.
- Proof of Deposit: For example, a copy of your savings account statement with a build-up of funds, sauch as 6 months.
- Existing Insurance Policies: Life insurance, critical illness cover, and income protection policy schedules. Any details of cover that you have through work will be useful.
Additional Information for Credit Commitments
If you have any current credit cards, loans, or other finance agreements, please bring the following details:
- Credit Cards:
- Name of the creditor (credit card company).
- Balance outstanding.
- Credit limit.
- Loans & Car Finance
- Name of the finance company.
- Balance outstanding.
- Monthly payment.
- Number of months remaining on the agreement.
Documents Based on Employment Status
Your employment status determines additional documents required for your mortgage application:
Employed (PAYE)
- Payslips: Most recent three months’ payslips. If you receive a quarterly bonus, bring the last four payslips showing the bonus payments. For bi-annual or annual bonuses, provide payslips covering the last two years.
- P60: Most recent P60, and the previous year’s P60 if bonuses, commissions, or overtime are received.
Self-Employed Sole Trader or Partnership
- HMRC Tax Calculations: Most recent two years’ HMRC Tax Calculations.
- Tax Year Overviews: Most recent two years’ Tax Year Overviews. How to Get your Tax Calculations and Tax Year Overviews
Documents needed for a self-employed mortgage
Limited Company Director
- Company Accounts: Most recent two years’ completed company accounts, audited and signed off by a qualified accountant.
- Tax Calculations: Most recent two years’ HMRC Tax Calculations.
- Tax Overviews: Most recent two years’ Tax Year Overviews.
Contractors
In addition to the documents required for Limited Company Directors:
- Contracts: Contractors will require copies of your latest two years’ contracts, including the original contract and any renewals.
Find out Your Options
Additional Recommendations
To further streamline your mortgage application, it’s helpful to bring:
- Credit Report: A copy of your credit report can provide additional insights into your credit history.
To get a copy of your credit file, you can read about getting your credit report or visit CheckMyFile who offer a free trial after which a subscription fee applies, which can be cancelled any time.
To find out what would be needed for your individual situation, please give us a call on 01252 224620 or contact us via our contact form.
