With access to exclusive deals not available on the high street, Andrews is your one stop shop for everything property. Not only are we experts in property, we’re experts in mortgages too, and we’ve made it easier than ever to understand mortgages. Our handy guides will take you through everything from the basics of what a mortgage is and the prep needed to get one, to ways to repay and figuring out what you could potentially borrow. We’ll also run you through the costs involved with buying a home, so you don’t get any nasty surprises.
Explore our guides
As of April 2014, there’s new rules in play designed to make sure you borrow what you can comfortably afford. Find out what’s involved in securing a mortgage.
Back to basics, this guide explains the ins and outs of securing a mortgage, the repayments involved and re-mortgaging.
Get a complete picture of the costs involved in buying a home. From arranging moving vans to getting surveys done, the cost of moving is often overlooked. Does not include repayments.
No fancy financial speak, just a plain English guide giving you the lowdown on all the different, commonly available types of mortgage.
The information you need to provide when you apply for a mortgage.
When you apply for a mortgage, your lender will ask for some documents to prove things like your identity, address and spending habits. They want to make sure you can pay back the loan they give you, and are who you say you are.
Here’s a list of the minimum information you’ll need to provide, though different lenders will ask for different things.
- Passport ideally, thought lenders will also accept a full UK deriving licence showing your current address.
- If you don’t have a British or EU passport, or a passport from Norway, Switzerland, Iceland or Lichtenstein, lenders will also want to see your residency card or visa.
Proof of name and address
- Bank statement showing your name & address
- Council tax statement for the current year
- Utility bill from the last 3 months, which can be water, landline internet, electricity and gas bill (but not a mobile phone bill)
Proof of income and deposit
- Your last 3 payslips
- Your last 3 bank statements, showing your name, address and your salary credit (if you have separate bill paying accounts, we will also need the last 3 months of these)
- If you’re self-employed, your last 3 years of tax returns and tax year overviews (or however many you do have if it’s less than 3 years’ worth)
- Proof of other types of income, like bonuses and rental income
- Proof of your deposit (like a bank statement)
- If your deposit is a gift, you’ll need a letter from the person giving it to you confirming they don’t expect it to be repaid
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