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Wages / Mortgages
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For more on marking an answer as the "Best Answer", please visit our FAQ.Yes it does make sense. Most lenders will require proof of earnings.
This is normally done in one of three ways:
- Last 3 months Bank statements
- Last 3 payslips
- P60
The P60 is probably your best bet as it will show how much you earnt in one year - the lender will simply divide this by 12 and work out your average salary.
The lender can see how much you are earning based on your payslips and also year to date figures on those payslips. If your earnings are quite varied they can also ask for an employers reference giving basic income details and estimated overtime. However they should be able to rely on your last P60 in conjunction with your latest payslips. This is important as you may be able to show that your earnings to date are relatively higher than your earnings last year and so give you a higher mortgage advance.