If you’re looking to move house and require a mortgage, here’s some simple advice to help you prepare and boost your chances.
Every lender has a different criteria, but most are based on the following factors:
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If you’re not on the electoral roll, it's almost impossible to get a mortgage. Lenders use the electoral roll data for identity checks.
A missed payment could be the difference between getting a mortgage and not.
It is recommended to not apply for credit up to six months before applying for a mortgage as this could hinder your credit score.
The lender may ask for your latest three months' bank statements before you apply. It will use these to check your income matches what's on your payslips and also to examine your recent spending.
Your lender may want to see any or all of:
For independent mortgage advice contact RSC New Homes, who are available seven days a week to give you tailored advice and help you search for the most suitable mortgage, protection and insurance products – visit rscnewhomes.com today