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What Happens During The Mortgage Application Process?: The mortgage application process, once underway, does not take very long. Once you have decided to go with a certain lender and signed a purchase contract, the lender will run a full credit check verifying your income, liabilities and your ability to repay the loan.
Can I Get a Mortgage With A Group Of Friends?: You are allowed to get a mortgage with up to three friends in the same way that you are allowed to get a mortgage with a partner – an idea that is appealing to more young professionals at the moment.
The Mortgage Glossary: APR - This stands for Annual Percentage Rate and should be used to compare the costs of credit.
What Happens If I Want To Move Home?: Moving home is basically the same as moving into your first home, in mortgage terms. You are free to find yourself another mortgage with either your existing lender or another lender – and can shop around for the best deal on the market.
What Are Flexible Mortgages?: Generally, people rebroke their mortgage deal once every five or six years. They also may change their mortgage lender at the end of a discounted or fixed period. Chances are in that in the time between their last remortgage, the mortgage market will have changed a great deal.

How Do I Prove My Income?

When you apply for a mortgage you will normally have to provide proof of income. However, there are mortgages available, called Self-Certified mortgages, where this is not necessary.

If you're employed, should have to provide written evidence of your earnings for the last two years, either in the form of payslips and/or your P60. The lender may also write to your employer asking for confirmation. Earnings that are not guaranteed such as commission and bonuses do not generally count as part of your earnings.

If you're self-employed, it is traditionally more difficult to get a mortgage, and as a result there are lenders who specialise in self-employed mortgages. Most lenders now offer mortgages for the self-employed however, and with the right proof of income you should find it easy to get a competitive mortgage. You would need to show three years audited accounts, although if you haven't been in business for that long then the lender will accept a letter of confirmation from your accountant.

If you need a Self-Certified mortgage, then please mention this when you speak to the Mortgage Adviser who'll call you after you have completed the quotation request details on this website.

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Hot Topics

How Do I Prove My Income?

When you apply for a mortgage you will normally have to provide proof of income. However, there are mortgages available, called Self-Certified mortgages, where this is not necessary.