Once your ready to apply for your new mortgage, you should get a few simple things to hand to speed up your application:
- usually three recent monthly payslips are needed to verify your income
- In addition to payslips, your latest P60 may also be used to verify your income
- ID to confirm your identity and address may be required. Passports, bank statements and utility bills are good examples.
- Your last mortgage statement may be needed to help prove that your mortgage payments are being made.
If you are remortgaging and not moving home, then our remortgage products come with a free basic valuation and free standard legal costs (on properties worth under £3m).
When you take out a mortgage, there may be an application fee to pay to cover the cost of arranging your deal. For a limited time no application fees are payable on new Virgin Money residential mortgages. Full details of any fees will be outlined within your Mortgage Illustration.
You must bear in mind if you are switching lenders, your current lender may charge an exit fee, as well as an early repayment charge if you decide to leave early, and you're likely to incur costs when setting up your new deal.
We offer a wide range of fixed, tracker and freedom to fix mortgages. To see what products we currently have available that could suit your needs, simply use our mortgage finder, or give us a call.