Once you’ve found your desired home, made an offer on it and had this accepted by the seller, it’s time to move on to the next crucial step of the process – applying for a mortgage.
From choosing a lender and gathering the necessary documentation to submitting the evidence, the mortgage application is a complex process, and it’s crucial to seek professioanl advice from a mortgage advisor or broker.
As part of your mortgage application process, you’ll be asked to provide a range of supporting documents proving your ability to repay the loan. These pieces of evidence commonly include:
- Proof of ID
- Proof of address documents, such as utility bills
- Bank statements
- Evidence of where your deposit is coming from
If you’re self-employed, you’ll usually also need:
- Self-assessed tax return forms
- Tax year overviews
- An accountant’s certificate