Applying for a mortgage can seem an intimidating and complicated process. Thankfully this is something we do every single day, so we can do much of it for you. Simple.
The most important thing when considering the purchase of a new home is to put in place a mortgage offer. This is a considered offer made ‘in principle’ by a mortgage lender. The offer is made after considering a whole range of factors including your income, your job, your age, personal circumstances, credit history, available cash deposit, etc. This offer serves two purposes. First, it means you know how much you can afford before you start looking and second, it saves lots of time later.
At this stage, you don’t have to have a particular property in mind. In fact, if you do find your dream property, you’ll be in a much better position to make an attractive offer and ‘perform’ quickly with the purchase if you can show the seller you already have a mortgage offer on the table and ready to go.
To make an application, you’ll need to provide lots of information. Lenders are becoming more demanding when it comes to building a picture of the person they are lending to and it helps your application if you can provide comprehensive and accurate information. The good news is that whilst you’ll need to provide accurate information, you don’t necessarily need to provide all the supporting paperwork until later in the process.
Here is some of the information you’ll need to provide;
Rest assured, the whole process is now quite simple. Especially when, like us, you do it every day.
Contact Mortgage Required for an initial chat on 01628 507477 or click here to book a free call or video appointment.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
7 days ago
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
8 days ago
Many people are quite private when it comes to what is in their bank account. In this short blog, we look into what Brits have saved by age group.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
20 May 2025
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
19 May 2025
It’s important to ask questions about the property you are interested in before taking that step to make an offer. A little probing can make all the difference between buying your dream house or something that requires a lot of work.