What to know before applying for a mortgage

Getting a mortgage is a big deal, so you shouldn’t take the decision likely… nor the preparation.

The process of getting a mortgage is essentially the bank checking up on your history with finance and working out whether you’re trustworthy enough, and whether you’re able to pay the money they’re going to lend you, back. A good way for them to tell instantly is your credit score, so make sure this is as best as you can get it.

The main two things to consider are –

  1. How much deposit you have or are able to save up
  2. What your income is – if you’re buying with someone else this will be your joint income

These two factors are what determine the amount of mortgage you can get ultimately.

When you have a meeting with a mortgage broker to see what you can borrow, you’ll need to bring with you the following:

1. Proof of ID

  • Passport or driving license (must be currently valid)
  • Utility bill/credit card statement dated within the last 2 months

2. Proof of income 

  • Latest months payslips (typically 3 months worth but could be 6, or even a year’s worth – this will differ depending on your broker’s requirements)
  • Latest months bank statements showing the salary being credited (again, could be 3, 6, or even a year’s worth)
  • Latest P60

3. Proof of deposit

  • Provide the originals in form of bank/savings statements/ showing accumulation of savings over at least the last 3 months
  • Gift Letter from ‘giftor’ if you are receiving a gift (the letter must contain who is gifting, the amount of the gift, the relationship to you, and the fact that the gift is non-returnable and they will have no interest in the property, it must be also signed and dated). You can find templates of these letters online if need be. Example template here

4. Bank Details

  • Name of bank
  • Address
  • Sort code
  • Account number

5. Employment details

  • Occupation
  • Name and address of employer
  • Length of time
  • Annual Basic salary (you’ll need to specify if you get overtime, commission, etc. and what amount)
  • National insurance number
  • If employed for less than 18 months then you may need to provide an 18-month history
  • Existing loans or credit cards, balances that are outstanding, lender, monthly payment – details of these need to be provided


If you want to know more information about mortgages, and the type you may think is right for you, we’ve got a whole guide on it.. or anything else you might need to know to buy a property.