What Documents Do You Need for a Mortgage? (Payslips vs P60 Explained)

Applying for a mortgage can feel overwhelming — especially when lenders start asking for paperwork. One of the most common questions is:
Do I need payslips, a P60, or both?

Here’s what mortgage lenders usually ask for, and why each document matters.

🏦 Why Lenders Ask for Payroll Documents

Mortgage lenders need to confirm:

• Your income is real and regular
• You can afford repayments
• Your earnings are sustainable, not a one-off

That’s where payslips and P60s come in.

🧾 Payslips: Proof of Current Income

Most lenders ask for:

• Last 2–3 months’ payslips

Payslips show:

• Your current salary
• Overtime, bonuses, or commission
• Regular deductions

They confirm what you’re earning right now.

📄 P60: Proof of Annual Income

Your latest P60 shows:

• Total income for the last tax year
• Total tax paid
• Employer details

Lenders use it to:

• Cross-check payslips
• Confirm income consistency
• Spot irregular earnings

📊 Payslips vs P60 – What’s the Difference?

• Payslips → short-term, current view
• P60 → long-term, annual confirmation

Most lenders prefer both if available.

❓ What If You Don’t Have a P60 Yet?

This is common if:

• You started a job recently
• It’s early in the tax year

In this case, lenders often accept:

• Extra payslips
• An employment contract
• A letter from your employer

📂 Digital Copies Are Fine

PDF payslips and digital P60s are widely accepted — just make sure they’re clear and unedited.

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