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Will it affect my mortgage application?

  • 02-03-2012 2:38pm
    #1
    skeptik
    Closed Accounts Posts: 216 ✭✭


    Hoping someone can give me some advice. I have been off work sick for 2 months. I have been receiving illness benefit and a certain amount of pay from work during this time. I am just wondering, when I give my payslips to the bank for the mortgage application will this affect how the bank sees my circumstances. I was afraid to ask the bank directly :(


Comments

  • #2
    killers1
    Registered Users, Registered Users 2 Posts: 1,443 ✭✭✭killers1


    skeptik wrote: »
    Hoping someone can give me some advice. I have been off work sick for 2 months. I have been receiving illness benefit and a certain amount of pay from work during this time. I am just wondering, when I give my payslips to the bank for the mortgage application will this affect how the bank sees my circumstances. I was afraid to ask the bank directly :(

    It shouldn't negatively effect your application. The bank will make their decision based on your usual income, what your salary qualifies you to borrow and whether you've proven you can afford the repayments. It might be no harm to have one full months payslip to show you have returned to work after your illness prior to applying.


  • #3
    skeptik
    Closed Accounts Posts: 216 ✭✭skeptik


    killers1 wrote: »
    It shouldn't negatively effect your application. The bank will make their decision based on your usual income, what your salary qualifies you to borrow and whether you've proven you can afford the repayments. It might be no harm to have one full months payslip to show you have returned to work after your illness prior to applying.

    Thank you :)


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