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Online mortgage application

Last updated on 20th December 2023 by Martin Alexander

Getting a mortgage can seem complicated, but you can now apply for a mortgage online. You can start an online mortgage application once you’ve spoken to an advisor. We’ll then inform you of whether a mortgage is likely and the most suitable lenders to apply with.

Gone are the days of shuffling through piles of paperwork and having three-hour mortgage appointments. Our advisors use the latest technology to ensure you can make a paperless mortgage application without compromising your service.

Can I apply for a mortgage online?

Yes, you can apply online and speak to an advisor via phone or video. You can email, send and sign documents online, making a mortgage application quicker and more manageable.

If you follow traditional mortgage methods, you’ll schedule face-to-face meetings to provide paperwork and discuss your options. You may find this difficult to do, especially with a busy schedule. With work and family commitments, finding the time for a mortgage application can be challenging.

How can I start a mortgage application?

You’ll first need to speak to a mortgage advisor about your situation. For instance, you’ll need a suitable deposit, and your income must meet the affordability requirements set out by your lender. Lenders will also carry out a credit check during your application. An advisor can check whether you’re eligible before starting your application.

When you make an initial enquiry, an advisor may request certain documents if your circumstances aren’t straightforward. For instance, if you’ve had credit problems, we’ll likely ask for your credit report to assess the situation further. If you’re self-employed, a copy of your SA302 documents or accounts will help our advisors understand your financial circumstances.

This process is called a ‘fact find’. Once a fact find is complete and we’ve found you a potential mortgage, you’ll need to provide further documents to start a formal mortgage application.

What will I need to apply for a mortgage?

You will typically need to provide the following documents to get started:

  • Photo ID – This can be either a passport or a driving licence
  • Proof of address – Examples include utility bills or bank statements within the last three months
  • Evidence of income – Most recent payslips and p60 or accounts if you’re self-employed
  • Proof of deposit – Bank or building society statement or a signed gifted deposit letter

Based on this information, we can approach suitable lenders immediately.

Do I need an Agreement in Principle?

You don’t need an agreement in principle (AIP), but having one helps. You’ll typically get an AIP before you formally apply, allowing you to start your property search with confidence and a budget. When making a property offer, your estate agent may also ask for a copy of your mortgage in principle, which gives your offer credibility.

Benefits of having an AIP include:

  • Providing you with a personalised budget
  • It doesn’t affect your credit score
  • Helpful to begin your home search
  • Make offers with confidence and credibility

Apply for a mortgage in principle here.

When to apply for a mortgage

You can apply for a mortgage once you have your decision in principle. Your mortgage advisor will discuss your options and recommend the most suitable deal. You’ll then get a mortgage illustration that will contain key details of your mortgage, such as:

  • Mortgage type
  • Length of your mortgage term
  • Interest rates
  • Fees for taking the mortgage
  • Fees during the mortgage, such as early repayment charges

How can I check if I’m eligible?

Our specialist brokers will always check your eligibility for a mortgage before applying. If there’s a mortgage you qualify for, then our advisors will find it. If you’re not quite eligible, our advisors will inform you of what you can do before our brokers are confident of mortgage approval.

Our advisors have helped many borrowers with tricky circumstances, such as becoming recently self-employed or having just started a new job. Even if you have adverse credit, such as CCJs on your credit file, we can help.

Should I find a property before getting a mortgage?

It’s best to find a mortgage before beginning your property search. This is for several reasons, such as:

  • You’ll have a clear indication of how much you can borrow
  • You can search for properties based on your budget
  • Gives you time to find the best mortgage deal possible
  • Creates credibility with estate agents
  • Easy access to documents such as an agreement in principle if requested
  • Shows you have a clear intent to property sellers and aren’t wasting time
  • You’ll have the confidence to view properties and make offers

What if I’ve found a property already?

You can still apply for a mortgage after you’ve found a property. However, finding a mortgage before starting your property search is recommended. If you find a property and THEN apply for a mortgage, it can cause problems such as:

  • Rushing to get a mortgage and ending up with a bad deal
  • Losing out to another buyer who already has their mortgage in place
  • Wasting time viewing properties that are beyond your budget
  • Delays in your mortgage application caused the sale to fall through
  • A lack of mortgage information means you’re unable to plan your property search

About the author

Martin Alexander
Senior Mortgage Advisor

Martin is a senior mortgage advisor who has held a CeMAP qualification for over 15 years while completing an MBA in Global Banking and Finance.