3 min Read
01 Nov 2014

Written by Dean

Mortgage and protection specialist for over 20 years, Cemap qualified since 1999, FPC qualified since 2004.

My goal is to change the public perception of my industry and the attitude of some of my peers to make this a profession to be used and trusted by everyone.

Specialties
Elite Customer Service, Mortgages and Personal and Business Protection advice

More about Dean

What do you need to apply for a mortgage?

what do you need to apply for a mortgageWhat documents you need to apply for a mortgage?

It does vary from lender to lender and based on your circumstances, but broadly here is what you need to get a mortgage:

Primary Identification documents

This can be any one of:

  • Current Signed EC Passport (ask us if you are not an EC Citizen, we should still be able to help)
  • Current Full Signed EC Driving Licence (as above) - both card and paper counterpart required.
  • Ask us about alternatives if you don't have these.

Proof Of Address Evidence

Any of the following documents dated within the last three months

  • Postal Bank Statement
  • Utility Bill (phone, gas, water, electric, tv, council tax)
  • Ask us about alternatives if you don't have these

 Proof Of Income (Employed):

  • Last Three Months Payslips
  • Latest P60
  • Last three months bank statements showing salary going in (online usually Ok)

Proof of Income (Self Employed) :

  • Last three years accounts
  • SA302/Tax Returns
  • Last Three months personal and business bank statements (online usually Ok)
  • Latest contract if appropriate for your profession

REMEMBER

If your mortgage term runs beyond any applicants 65th birthday you will need to prove your pension income and if you want an interest only mortgage you will need to show evidence of how you intend to repay the capital.

If you currently have or have previously had a mortgage:

Most recent mortgage statement (for each mortgage you have)

Credit rating

Important : If you are in any doubt whether you have a good credit record you should use the free trial to check your credit report. Every lender will credit score you at least once so you can't 'hide' it. If you have a poor credit history then speak to a mortgage adviser who can advise you accordingly.

Deposit source

Lastly don't forget if the deposit for your home purchase is not the sale proceeds from your previous home you will need to show where the money is from. This can be savings book, statement etc or if someone is gifting you the money they will need to provide a letter (ask us what it needs to say) and proof of the funds in their account.

The above article was produced by Dean Mason - Cemap, Cert PFS. Practice Principal at Masons Financial Planning

If you want to contact Dean regarding your mortgage or you would like to simply ask him about your options then click here.

The material in any email, the Money to the Masses website, associated pages / channels / accounts and any other correspondence are for general information only and do not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation. See full Terms & Conditions and Privacy Policy.

 

Looking for a financial adviser near you?

Do you need financial advice? An independent financial adviser can show you how to make the most of your money.

Simply find your nearest qualified and regulated adviser using the UK’s largest adviser search.