Mortgage Application Review

Before completing your mortgage application, you will need to provide the necessary information to your lender so they can weigh up the options before granting you a loan. This information is based upon your financial situation and your ability to pay back the loan

The information supplied will give your lender a good picture about your spending habits through a credit score, and based on the information supplied by you, your lender will make a financial decision to grant or deny your mortgage application

Once your mortgage application has been granted, you will be given an amount which you can afford to borrow, based on what it is believed you can pay back. Using a mortgage calculator can give you an indication of what you can borrow based on y our current circumstances

Should all the lenders guidelines be met you will be given the go ahead. to purchase your home. Normally the price you will be able to borrow is based upon 3 to 4 times your annual income, although if you are fortunate enough to have saved a sizable deposit you will be able to afford a more expensive house if necessary

It is possible to fill out mortgage applications online although many lenders may require you to attend their offices in person