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How To Prepare Your Mortgage Paperwork

This guide was last updated 19 February 2024

If you’ve made the decision to buy a property, especially if it’s your first, you may have heard rumours about how difficult it is to get a mortgage.

At Coreco our main goal is to make the mortgage process easier, and this article explains the basics of the paperwork you’ll need:

  1. Proof of your address

    This naturally applies to the address you live at since you haven’t moved into your new house yet. It could be from a utility bill or a bank statement. It can’t be a handwritten letter from your grandmother, sadly.

  2. Sight of your passport

    This one is pretty obvious, just make sure your passport is in date and that it’s definitely you in the picture!

  3. Three months of payslips

    This is applicable only to those who are in full time employment, of course. If you’re a freelancer then you will need different documents, a list of which you can find in our mortgage guide for freelancers and contractors.

  4. Three months of bank statements

    This is essentially to prove you are indeed getting income, among other things. Again, the situation differs if you are self-employed.

  5. Proof of Deposit Monies

    If this isn’t evident in the bank statements you have submitted already, you’ll need to show proof that you have the money for the deposit.

  6. Any existing loans/debts

    Lenders will want to know as much as they can learn about your financial situation, so be prepared with details of any debts you have, including credit card bills and even student loans. Being in debt doesn’t mean you can’t get a mortgage, of course, but lenders still need to see. Presumably if you’re carrying around credit card debt figures that rival most premiere league salaries, then you’re not looking to buy a house!

We’ve put together a guide on what kinds of paperwork are accepted by mortgage lenders for each bit of paperwork you need.

There is, of course, a lot more to getting a mortgage that just having these documents. However, we can tell you from experience that if you have these documents prepared in advance, then your application will go much more smoothly!

Give us a call on 020 7220 5110 or fill out the form below to arrange a no-obligation chat!

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

    Andrew Montlake

    Written by Andrew Montlake

    Andrew Montlake, better known as Monty, began his journey with an Hons degree in Economics & Politics before starting in the mortgage industry in February 1994. As a main founder of Coreco in 2009, he successfully grew the brand, marketing, and communications, and was made MD in 2019 focussing on the overall vision, strategy, and culture of the company. As Coreco’s media spokesperson, Andrew can often be seen or heard on TV and radio as well as regularly commenting in the national, local, and trade press. He is the author of this acclaimed Mortgage Blog and is well-known for his social media, podcasts, and public speaking. Andrew is now proud to serve as Chairman of the Association of Mortgage Intermediaries, (AMI) as a cheerleader for the Mortgage Industry as a whole and continues to work at the coal face, writing mortgage business and advising clients.

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