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What Will I be Asked When I Apply for a Mortgage?

Sep 04, 2024
What will I be asked when I apply for a mortgage?
If you need to take out a mortgage to buy your new home, you may be required to attend an interview. Find out everything you need to know about mortgage interview questions in our comprehensive guide.

What are mortgage interviews for?

 

Lenders want to ensure you don’t borrow more than you can afford. This is why they may schedule an interview to learn more about your financial circumstances. The interview may be one meeting or a few separate sessions. 
 

Mortgage interview questions

Below, we’ve gathered some mortgage interview questions to help you prepare.
 

1. What is your budget?

The first thing lenders may want to know about is your budget. This helps them determine your mortgage affordability and enables you to understand your monthly repayments. 
 

2. What is your credit history?

A credit history is a description and prediction of your financial behaviour. Your credit score includes information about:
 
• Credit cards  
• Overdrafts  
• Debts  
• Loans  
• Mortgages  
• Some utilities  
• Buy now, pay later transactions  
 

3. What are your plans?

Lenders may want to know about additional costs on top of your monthly payments. They might ask about car loans or whether you’re planning to renovate or have children. 
 

What paperwork do you need?

You’ll need the following documents to apply for a mortgage:
 
• Three to six months’ worth of utility and council tax bills
• A P60 from your employer (if employed)
• Proof of income for the last three years
• Details of your outgoings (childcare, travel, insurance policies, etc.)
• Proof of benefits or additional income (if applicable)
 
Learn more about how and when to apply for a mortgage in our comprehensive guide.
 
Explore our brand-new homes across the UK and fantastic offers to help you move. These include Parent Power and Deposit Boost for first-time buyers and Part Exchange and Movemaker for existing homeowners.
 
Contact our Sales Advisers today to start your journey to homeownership.  
 

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