After receiving your mortgage offer there are a few things you should do - or rather, not do.
They include;
Don’t apply for any other new credit. Doing so may well change your credit profile and result in your offer being withdrawn.
Don’t pay off debt. This might sound silly, but if you think about it, it’s not. Any change to your credit profile (such as by reducing savings) can affect your mortgage offer.
Don’t change your job! At least, make sure your lender is OK with the new position. Changing your personal profile may well invalidate your mortgage offer.
Don’t fall behind on your existing bills. It may sound obvious, but incurring a credit strike after your offer won’t help you at all!
Finally, make sure that you provide the mortgage lender with all information they request promptly and once you have an offer don’t forget that in a buyer’s market cash is king! As the holder of a mortgage offer in principle, make sure you get a good deal from your seller.
Applying for new credit
Mortgage lenders sometimes do a further credit check before they release funds to your solicitor and anything new can cause issues!
If it's just an inquiry, that usually doesn't cause a problem, but if you've opened a new account then it will have to be verified and that could delay your settlement.
Your credit score could change because of the new credit, which may mean that your interest rate must be adjusted.
Making major purchases
If you buy furniture or appliances with credit, your lender will need to factor in the payments to your debt-to-income ratio, which could result in a cancelled or delayed settlement. If you pay cash, you'll have fewer assets to use for a down payment and cash reserves, which could have a similar impact.
Paying off all your debt
"Every move you make with your money will have an impact, so you should consult with your lender before you do anything. Even if you pay off your credit card debt it can hurt you if you close out your account or reduce your cash reserves.
Changing jobs
If you can avoid it, try not to change jobs after a preapproval, even if it seems like a good move, we'll need to verify your employment and you'll need one or possibly two payslips to prove your new salary, which could delay your settlement.
Ignoring lender requests
If your lender recommends or requests something specific, you should follow directions and do it. Providing all documents as soon as they are requested can help avoid delays in the settlement process.
Falling behind on your bills
You must pay all bills on time and make sure you don't have an overdraft on any account. If you have payments automatically billed to a credit card, you should continue that practice. Your preapproval is a snapshot in time and you want to make sure your finances stay as close to that snapshot as possible.
Make sure you discuss everything with your mortgage broker and stay in constant contact throughout the loan process.
Contact Mortgage Required to speak to a mortgage adviser on 01628 507477.
Related articles:
Download our Free First Time Buyers Guide
Recent posts
Best UK Mortgage Rates this Week
2 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Nationwide is the first lender to allow mortgage deeds to be signed electronically and without the need for a witness.
‘My First Mortgage’ from major high-street lender Santander is specifically for those wanting to buy their first property. It allows first-time buyers to purchase 98% of the property’s value. However, certain criteria must be met to be eligible.
Maidenhead, Berkshire – 26th January 2026 – Dedicated independent mortgage experts, Mortgage Required, are delighted to have acquired fellow experienced brokerage, Y-Not Finance.
The acquisition connects two well-respected brokerages, both with a wealth of experience and shared values, to continue providing the best advice on all aspects of the mortgage market.
As part of the UK government’s plans to change the leasehold system to help families struggling with unaffordable ground rent costs.
The Prime Minister announced this morning (27 January) that ground rents will be capped at £250 per year, reverting to a peppercorn rate after 40 years.
Additional borrowing, also known as a further advance, is when you borrow more money on your existing mortgage for a specific reason agreed with your lender.
Here are five of the most common reasons for additional borrowing.
UK Housing Market Round-Up: 2025
30 Dec 2025
Property search site Zoopla has estimated that the UK housing market will end 2025 with approximately 1.15 million completed sales – 4.5% more than the previous year.
Take a look at the 2025 summary of the UK housing market.
Buying in the New Year
29 Dec 2025
If buying your first property, or moving home, is on your to-do list this year, the new year can be a great time to take this big step. In this short blog, we look at what you need to consider as you plan and prepare for your home-buying journey.
More information
Trusted by
