Applying for a mortgage can be nerve-wracking, so it’s helpful to have an idea of exactly what sort of information lenders will look at when deciding whether you can borrow from them. Here, we look at some of the factors that will affect your mortgage application.

Whether you’re on the electoral roll

If you’re not registered to vote, your mortgage application will almost certainly be refused as lenders use information from the electoral roll to check your identity. This can often come as a surprise to many first-time buyers. Contact your local council to see if you’re on the electoral register, if you aren’t, you can register online.

Your credit history 

Lenders will want to check you’ve managed debts responsibly in the past, so they’ll look at your credit record to see if you’ve missed any repayments on loans or credit cards.

Your income 

Lenders will want to be certain that you’ll be able to afford your monthly mortgage payments, so will look carefully at your income. Typically, you’ll be able to borrow up to four times your income if you’re buying a property on your own, or two or three times your combined income if you’re taking out a mortgage with someone else.

Your outgoings 

As well as looking at your income, lenders will also scrutinise your spending habits. It’s a good idea to write down all your monthly costs before applying for a mortgage so that you can answer their questions accurately. It may also help you to identify areas where you can reduce your outgoings.

Your paperwork

There are several bits of paperwork you need to gather together to support your mortgage application. Without them, your application won’t be accepted.

Your age 

Many lenders are reluctant to offer mortgages to older borrowers because often people’s incomes fall in retirement, making it more of a struggle to meet monthly mortgage payments. However, some will allow you to borrow beyond retirement age, usually up to around 70 or 75, as long as you can provide evidence that the mortgage will remain affordable.

The size of your deposit

The amount you’ve managed to save as a deposit is another factor that will affect your mortgage application. Try to borrow a bit less than the maximum loan-to-value allowed as this may make lenders look more favourably on you. If, for example, you’re applying for a mortgage which allows you to borrow 85% of the property value, try to put down a bit more so that perhaps you’re borrowing 84% instead.

When you’ve got all of your mortgage paperwork in order, our mortgage department could help you get on the property ladder, find a better deal for you, show you how to raise capital on your property, or arrange commercial finance, depending on your needs. For further information or to arrange a meeting, contact us on 0289 260 5088 or email


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