A key part of getting out a mortgage is proving who you are, what you earn and what you spend. At Tembo, we'll request a number of documents from you to ensure we can get things moving as quickly as possible. Here's a guide to what we'll need and why.
Admin is no-one's favourite job, so let's make it as pain-free as possible for you by listing what documents we'll need, in what formats and why.
In this article:
Proof of ID
First up, we need evidence that you are who you say you are. Lenders will want to see proof of your identity, and proof of your address.
Acceptable documents for identification:
Passport (must be in date and must show your signature)
Driving Licence (must be in date)
Acceptable documents for proof of current address
Driving Licence (cannot use if we are already using for proof of ID)
Council Tax Bill (dated within the last 12 months)
Bank Statement (dated within the last 3 months)
Utility Bill (Gas/Electricity bill or Landline phone bill dated within the last 3 months)
Proof of income & outgoings
Now we'll need to validate what you've told us about your income and expenditure. To do this, we'll review your payslips and bank statements.
Latest 3 months Bank Statements
For ALL bank accounts showing your salary being paid and showing your monthly household expenditure
Proof of Income - Employed
Latest 3 months payslips (please ensure no information is cut off the payslips)
Proof of Income - Self-Employed
It's a bit more varied for those that are self-employed. But your advisor should already have told you which documents we need to see from the below list.
Latest 2 (or 3) years SA302 (tax calculation)
Latest 2 (or 3) years TYO (tax year overview)
Latest 2 (or 3) years SA100
Latest 2 (or 3) years company accounts (this is not bank statements, but your business accounts e.g. from Companies House)
Latest 3 months business bank statements (if you don’t have a business bank account, please confirm if you use your personal bank account for business purposes)
Proof of a gifted deposit
If a family member or friend is gifting you money toward your house deposit, we'll need to verify that the money exists, and where it is.
If the gifted funds are already in your bank account
Bank statement showing the funds from giftors bank account going into your bank account
Latest month's bank statement to show the funds are still in your bank account
The giftor will be required to ‘wet’ sign (pen to paper) a gifted deposit letter - this will be requested once we've picked a lender
If the gifted funds are not yet received
£10,000 and below
Giftor will be required to sign a gifted deposit letter - this will be requested once the lender has been chosen
Latest months bank statements from the giftor
Giftor will be required to ‘wet’ sign (pen to paper) a gifted deposit letter - this will be requested once the lender has been chosen
Memorandum of Sale
Once your offer is accepted on a property, the estate agent will provide you with a memorandum of sale, which we'll ask you to send over. If this is not currently available please provide the following:
Solicitors (Firm name, point of contact, email address and contact number)
Estate Agent / Seller (Firm name, point of contact, email address and contact number)
While it might seem a daunting task to prepare all of these documents, providing them early will mean we can provide advice to you much more accurately, and much faster, too! Plus, our handy customer portal means you can upload documents easily and tick them off your to-do list.