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Featured - ISA allowance
What is the 2024/25 ISA allowance?A new tax-year means a refreshed ISA allowance to allocate. Find out more about the 2024/25 ISA allowance...
Savings
ISAs
Mortgages
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Featured - The triple lock explained
Could the value of your state pension rise by more than inflation?
Retirement
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
A mortgage interview is when your mortgage advisor or lender to checks if you are eligible for a mortgage. They will want to know more about your ability to pay back the loan among your current and potential future circumstances.
To adequately prepare for this interview, here are four steps you should take:
Central to any mortgage interview is the lender or adviser assessing how likely you are to be able to pay the mortgage back. A good credit score, avoiding going overdrawn and a stable income all help to show you are less of a risk to the lender.
You can find out more about preparing your finances in our guide How to improve your chances to get a mortgage.
The mortgage interviewer also needs to check that a mortgage is suitable for you now and in the future as your circumstances potentially change. If you are likely to start or expand your family during the mortgage deal, then it could be less affordable for you. Career changes, sabbaticals or working a different place or country will all potentially affect your ability to pay your mortgage.
You should bring to your mortgage interview your last three payslips, most recent P60, recent bank statements including a list of regular payments such as standing orders and direct debits, a mobile phone bill or utility bill showing your current address, passport and/or driving licence. Having these to hand means you can progress as much as possible within the interview.
Make sure that you complete forms accurately to avoid having to correct these later – a mortgage broker can help to make sure all the documentation is completed accurately first time.
It’s important you are clear about how much you can afford to borrow before you make an offer on a property. You can then look at properties in the right price range. Completing a mortgage application can take many weeks, so it is best to have your mortgage in principle agreed early to make sure you can move quickly once you have an offer accepted on a new home.
Here are the four signs that you are ready for a mortgage interview:
Once you have completed the above, you can arrange either to speak with your chosen mortgage lender or to a mortgage broker and make an appointment for a mortgage interview.
A mortgage broker can help you to search the market and find a lender most likely to accept your application. They will also help guide you through the process and help to complete your mortgage application.
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Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage. Find out how mortgage brokers can help and what fees to look out for.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Take your time and make sure that you know exactly what services are being offered. Our helpful guide explains what to look for.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Our helpful guide explains what to look for.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage. Find out how mortgage brokers can help and what fees to look out for.
A mortgage broker specialises in finding lenders who meet your specific needs for a mortgage.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
To get an accurate affordability check you'll want to know what counts as income, so you can declare everything you have to offer. Our helpful guide explains.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Take your time and make sure that you know exactly what services are being offered. Our helpful guide explains what to look for.
Your choice of estate agent can play a crucial part in the process of buying or selling a property. Our helpful guide explains what to look for.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.