The confirmation of the amount of income is a document that every mortgage applicant is required to submit. The employee’s average monthly net income is stated by the employer and the bank takes this information into account when scoring a prospective client.
Proof of income
There are several ways to prove the amount of income to the bank. If you have an account with the bank and your salary is paid into it, the bank has everything it needs immediately. Another option is to confirm income from employment, while business owners prove their income through a current tax return and a receipt for income tax.
Did you know that if you provide the bank with a receipt from your employer, the bank will check whether you are actually receiving as much as your employer has stated on the receipt?
What information does the bank need to know?
In addition to the amount of your income, the bank is also interested in whether you have a fixed-term or permanent employment contract, the composition of your gross salary and whether you have any deductions from your salary. In addition, it may also look at how long the client has been unable to work in the past period.