Everything you need to know about your mortgage appointment

Securing a mortgage may seem complicated at first, but it doesn’t have to be. One of the key steps in unravelling this begins with understanding what’s going to happen at your upcoming appointments. This knowledge can empower you, and it’s reassuring to know that all the necessary details are being handled on your behalf. 

Preparing for your appointment

Ahead of your meeting, we recommend gathering your essential paperwork. This includes: 

• Bank statements
• Payslips
• Proof of deposit
• Confirmation of address
• Other pertinent financial documents 

By being proactive, you’re not only showcasing your mortgage readiness to your adviser, you’re also streamlining the process. It’s important to note that different lenders may require varying documents based on their own specific criteria.

Analysing your financial situation

At your initial meeting, your adviser will explore your financial history. They will also look at your partner’s, if you’re applying jointly. This will include looking at your:

• Income
• Expenses
• Credit history
• Deposit
• Existing financial obligations
• Details about the property you want
• Information about your current mortgage (if applicable)

This deep dive allows your adviser to gauge your borrowing capacity and assess potential financial risks for lenders.

Mapping your mortgage

Your adviser will speak with you about your mortgage preferences, including a discussion about the type of mortgage you’re interested in, your preferred repayment method, and any future life changes you can anticipate that may impact your mortgage.

Subsequently, you'll be invited to a follow-up appointment where a range of mortgage options will be presented. These options are tailored to your financial situation. Your adviser will walk you through each choice, breaking down the mortgage type, term, interest rate, monthly payments, and associated fees.

Once you and your adviser have decided on a mortgage deal that aligns with your goals, your adviser will steer you through the application process and handle the submission to your lender on your behalf. 

Mortgage advice as a guiding hand 

Even if the prospect of securing a mortgage may stir up apprehension, remember, an adviser’s goal is to act as your ally on this journey to homeownership. Whether your consultation is face-to-face, over the phone, or in a virtual setting, their support and guidance ensures you're well-equipped to navigate the process.

Connect with us today to set up an appointment and let’s get started!