Initial visit to Banks - What to bring

Hi, me again,

I will be visiting a few banks over the coming weeks to obtain a jist of what i may be able to borrow.

Could anyone give me an idea of the main documents i would need to bring with me.

i'd like to give them the impression i know what im doin.


Also, if you obtain Approval in principle - how long is this valid for on the basis that your circumstances didnt change.

Cheers.

If you are only asking, they don't really need any papers (at least when I did it) as they will be "informally" asking about your income. If you want to make an application, as they will need proof, then you need:
6 months bank statements (your and your partner if joint mortage)
P60 (both you and your parner if applicable)
3-6 months payslips
Bank should provide you with an application form your employer will have to fill with some details.
If you have any outstanding loan, they will also require statements for this, to calculate the outstanding balance, term, etc.
Photo Id
Proof of address (utility bill, etc)
If you are applying for a 100% mortgage (i think I read you were), one of you have to be in FTE for 3 or more years and at least 1 year for the other.
As I was changing jobs when applied, my broker said they wouldn't even consider our application, but when we went to the bank, because it's a more personalised service, they didn't have a problem giving it to us, as the mortgage advisor there "pitched" our case really well, making us look good (not that we are not good enough , mind you). I reckon it's good to go to your bank, as they should have a lot information about you already, if you are a good costumer, etc.

an Approval in Principal is generally valid for 3 months

thanks Cati & Virginia

Bruze said:

Hi, me again,

I will be visiting a few banks over the coming weeks to obtain a jist of what i may be able to borrow.

Could anyone give me an idea of the main documents i would need to bring with me.

i'd like to give them the impression i know what im doin.


Also, if you obtain Approval in principle - how long is this valid for on the basis that your circumstances didnt change.

Cheers.

Click to expand...

You should be able to get approval in principle without leaving the comfort of your desk! Several brokers /banks take online applications , here is an example of one of them [broken link removed]
Note I am NOT recommending that you give your business to any particular broker/ bank but merely illustrating what is available online - at least you will get some idea of where you stand. Good luck.