Get yourself Mortgage ready

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Get yourself Mortgage ready

It may help to know that being mortgage ready before you either sell your current home or (if you’re a first-time buyer) viewing properties, will get you ahead of the game.

It may seem like a stressful process with all the admin that comes with applying for a mortgage and getting it accepted but we can help make the process easier

Here’s a few tips to boost your mortgage chances and get you mortgage ready:

  1. Check you’re on the electoral roll.

Lenders use this as an ID check. If you’re registered to vote then you’re all good.

  1. Address your address

Make sure all your bank accounts, credit cards, store cards and loans are registered at your correct and current address. Any that are incorrect get those details updated.

  1. Lenders will assess your spending habits

Make sure you pay those bills on time and cut back on any unnecessary spending. Keeping out of your overdraft is also helpful and stay clear of applying for new credit prior to any mortgage application. It may affect your chances of the application being accepted.

  1. Check your credit score

Most lenders will look at your credit score. Sign up to check your score, most are free and many will send monthly updates or notifications if your score has changed.

  1. Have your paperwork ready

Your mortgage adviser and or lender will usually ask for three months bank statements, payslips, ID and proof of address. By having these ready prior to the application, it can make the process much smoother for everyone involved.


  1. Arrange an Agreement in Principle (AIP) or Decision in Principle (DIP)

AIP or DIPs are usually a conditional offer of acceptance. Having this in place will give confidence to the seller and estate agents that the sale will complete.

To discuss your mortgage needs, please get in touch today with one of our team