5 things you need to do to get a mortgage

So you've been saving hard for a house deposit and the next big step in the process is obtaining a mortgage but how do you make sure that process runs as smoothly as possible and gets you one step closer to owning a home? To make getting a mortgage easy work, follow these five things.

how to get a mortgage

Before we start, this is just advice on some of the things we did, they may not work for everyone and everybody's situation is different. At the time we applied for a mortgage in 2016 both Josh and I were working in schools and had been for a few years so we'd got stable jobs with a monthly income. Josh is now self employed and I'll be completely honest and say I have no idea how that will effect our mortgage in the future. Our current fixed rate ends in 2 years so I guess we'll cross that bridge when we come to it!

Have a good credit history

We've always been sensible with money, we don't borrow money, we don't get things on credit/finance, we don't even have things like phone contracts. We've always worked and saved for what we want. Quite simply if we can't pay for something upfront we don't get it, we do pay for holidays in installments but everything else we save for to pay for it all in one go. We had a mortgage advisor and he was pretty impressed at our attitudes towards finances considering we were 24 and 27 when we got our mortgage. The only thing we both have is a student loan. I think this attitude and financial savviness has really stood us in good stead, not just for getting a mortgage but for managing our finances. You really need to think long term with a mortgage as credit background checks will be run on you so past decisions will effect your future.


Have all your paperwork in order

You're going to need to provide a lot of paperwork when applying for a mortgage from bank statements, ID, proof of address and wage slips. Having all this in order before you apply for a mortgage will speed up the process. It's good practice to file all your documents in date order and categorise them rather than shoving everything all in the same folder. That way you'll be able to easily find everything you need and the whole process will just run more smoothly.


Be on the electoral roll

I'm not here to preach about whether you should vote or not but being on the electoral roll will massively increase your chances of being accepted for a mortgage. It's used to check you identity and credit history so without it the process becomes a lot more complicated and lenders may not even consider you. It's really not a difficult task to do and you receive reminders to check and update details which can easily be done online so I'd do yourself a massive favour and make sure you're on the electoral roll before applying for a mortgage. Being on the electoral roll doesn't dictate whether you vote on not but it just makes sure lenders can process credit checks with ease and it doesn't land you in a difficult situation.

Use a mortgage adviser

Using a mortgage adviser will not only ensure you get the best mortgage but it will really take the stress out of it all. Our mortgage adviser was amazing, being first time buyers we were pretty clueless but he was super helpful and full of advice from chasing up the estate agents to keep things moving (we had a particularly long buying process due to tricky tenants living in the house and complications with some land behind the house) to finding us a great mortgage deal. I can't recommend using an adviser enough just to ensure that you have some one who has got your back throughout the whole process.

Be sensible

We had a wide variety of quotes from banks before we got a mortgage adviser. Obviously the size of your deposit effects the size of your mortgage but even working with the same deposit percentage each time there was a big difference between the smallest amount we were quoted and the largest amount. You need to figure out what works for you and how much you can sensibly afford each month without working purely to pay off your mortgage. A fixed rate mortgage is probably the best starting point as you'll pay the same amount each month for a set number of years regardless of whether the interest rate fluctuates in that time. When the fixed rate mortgage has ended the best option is to shop around for another mortgage so you're always getting the best deal. Also keep in mind when you're receiving quotes for you monthly mortgage repayments that there's also a lot of other costs associated with both buying and owning a house that you will have to pay out for each month.

If you have any extra advice on getting a mortgage, leave a comment below.

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