Essential House Purchasing Documents

When you are ready to buy a new home, there are a number of documents that you should have organised to streamline the process and prevent delays. We explain the key documents you should prepare. 

Proof of Identity and Address

You will need to provide proof of identity and address to your solicitor and mortgage lender to comply with anti-money laundering regulations. Acceptable forms of ID include a passport or driving license, while a recent utility bill or bank statement (dated within the last three months) can serve as proof of address.

Mortgage Agreement in Principle (AIP)

Before you start searching for a property, obtain a Mortgage Agreement in Principle. This document from your lender indicates how much you can borrow based on your financial situation.

Proof of Deposit

Your lender will require proof of your deposit. This could be bank statements showing savings or documentation of a gift if a family member is providing the deposit. Ensure this is readily available to avoid any delays in the mortgage approval process.

Bank Statements and Pay Slips

Lenders will ask for recent bank statements (usually the last three to six months) and pay slips (typically the last three months) to verify your income and financial stability. You can also provide a P60 if available. If you are self-employed, you may need to provide additional documents such as tax returns or accounts.

Credit Report

A credit report helps lenders assess your creditworthiness. Although lenders will conduct their own checks, having a copy of your credit report allows you to address any issues beforehand. You should also provide details of any arrears, defaults or CCJs if this applies to you.

Mortgages, Loans and Credit Cards

You'll will also be required to supply details of existing mortgages, loans and credit card commitments, as this will determine your affordability.