What will I be asked when I apply for a mortgage?
The world of mortgages can be an unknown quantity, especially if you’ve never had one before. But, applying for one doesn’t need to be difficult, if you prepare first. There will be a list of questions that you’ll have to answer in your mortgage interview and on your application form, but you shouldn’t be daunted.
Mortgage providers are legally required to lend responsibly and mortgage advisors have to offer impartial advice, so they are looking to see if you’ll be able to comfortably make your mortgage repayments, even if interest rates rise. From your deposit to your credit history and future plans, here we outline the key questions you will be asked when applying for a mortgage.