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  • Writer's pictureSteve

You need MORE bank statements??

Updated: Nov 25, 2021

Well, not me personally.

Some clients are often surprised (frustrated?) when I contact them to request more documents.

I thought this might help to clarify why that request is being made. You see, when we submit your mortgage application, all lenders have a "minimum requirements" list of documents they ask for on every case.

That could be as little as your latest payslip, or it could be your last 3 months payslips, your latest P60 and your last 3 months bank statements.

Whatever it is, this is the INITIAL list of requirements. Once the application is in front of an underwriter, they often have more questions and will ask for more documents to satisfy themselves that the mortgage is affordable into the future.

Believe me, the underwriter, and subsequently your mortgage adviser really DON'T ask for more paperwork because we're a bit sad and have nothing better do (although in the case of underwriters, that is not necessarily always true!), so if you're asked for more paperwork, get it sent over as soon as you can and let the underwriter do their thing!

And I've mentioned it before but it's worth repeating - please do not send photographs of documents! You're only going to have to do it again. If you don't have access to a desktop printer/scanner, then you can install apps like Adobe Scan, Microsoft Lens or CamScanner onto your device and use those to scan the document.

You should make sure that all four corners of your documents are visible, that the text is clearly readable, and there are no fingers & thumbs visible!

Here's a handy little guide for new mortgage applications, I hope it helps!

mortgage checklist
Mortgage application checklist

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