What documents are required for a mortgage?

Ready to apply for a mortgage? Find out what documents you will need to have for the application process in this handy guide.

When you apply for a mortgage, your lender will want to see documents showing proof of your identity, your address and your spending habits. Find out what documents you need below.

Utility bills

These will give you proof of ID or address, which can satisfy money laundering requirements on the lender’s side. It must be the original document, not a copy, and be current and valid.

P60 form from your employer

The type of income proof you will need to provide will also depend on which lender you decide to proceed with. But having your P60 form to hand is a good idea to ensure you can prove your monthly income.

Payslips

Another form of income proof is the payslip, and you will typically need to provide three months’ worth. Online versions are usually acceptable, if they include your personal details on them. Not only do payslips prove how much you earn each month, they demonstrate that you get paid regularly and on time.

Passport or driving licence

This is another form of ID or proof of address. Your passport or driving licence will need to be up to date and valid.

Bank statements

Similar to other forms of ID, bank statements show the lender proof of your address. These should be hard copies of bank statements from your current account between the last three to six months.

If you’re self-employed, you will need a statement showing two to three years’ worth of accounts from an accountant, as well as your tax return form SA302, if you have earnings from more than one source.

Credit file

You should also provide the mortgage lender with a copy of your credit report from sites like Experian, ClearScore, Callcredit or Equifax. The score you get is purely an indicator and it’s worth keeping in mind that each lender will interpret this differently.

To ensure the score is as high as can be, it helps to be registered on the Electoral Roll at your main address and to avoid overdrafts and payday loans.

Deposit finances

If you are buying a property, lenders will want to see where your deposit is coming from, whether it’s from your savings or given as a gift. If it’s from savings, this will need to be evidenced with bank statements and large lump sum transfers will have to be explained. Keep in mind that some lenders will stipulate that you provide hard copies of these.

Whereas, gifted deposits require a letter from the person giving you the money, although the format of this will vary depending on the lender. This means they will need to be in a position to sign for this when you apply for the mortgage.

If you are raising the money on another property, it’s a good idea to start this process earlier and thereby ensure you have the money available when you need it.

Above all, it’s important to be accurate and ensure that the information supplied and given on the application form matches the documents you supply.

For instance, don’t round up your salary if the amount on the payslips differs from this figure.

Documents required for a mortgage: A summary

  • Utility bills
  • P60 form from your employer
  • Payslips
  • Passport or driving licence
  • Bank statements
  • Credit file
  • Deposit finances

Source of deposit

All reliable lenders will want to see where your deposit is coming from, whether it’s from your savings or a gift from family or friends.

  • Savings. These can usually be shown through bank statements. However, the source of large lump sum transfers will have to be explained.
  • Gifted deposits. If your deposit is coming in the form of a gift – from parents, say – it will typically require a signed letter from the person giving you the money. The format requirements of the letter can vary depending on the lender.
  • Gifted equity. If you’re buying a house owned by a family member or friend, they can gift you a percentage of the home’s value as equity. Essentially, it works exactly like a deposit, but it will require a signed letter from owner of the property.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site