What Documents Do I Need For a Mortgage in the UK?

FinanceMortgage & Debt

  • Author Nick Flanagan
  • Published August 16, 2021
  • Word count 657

What documents do I need for a mortgage in the UK is the question that comes to many people's minds. Many people assume that there are only two documents that they need and that these are the mortgage papers and the driving license. However, that is not the case. You need other important documents as well, such as proof of identity (which will be asked for if you are applying online), as well as proof of your UK residency if you are applying for a UK Mortgage with a property deposit (which will also be asked for). This can take some time to go through, so you might want to consider using an expert who can do it all for you.

So what documents do I need for a mortgage in the UK? The first thing that you will need is your original passport. This is absolutely necessary for any non-UK person to apply for a mortgage in the UK. Without a passport, there are no benefits to applying for a mortgage in the UK, as you must prove your identity. Without a passport, the process of obtaining a mortgage in the UK becomes much more difficult and can take many weeks.

The next documents that you need to have before applying for a mortgage in the UK are your original driving license and your Marriage certificate. Both of these are not required for you to apply for a mortgage in the UK, but it can be very helpful. In fact, both of these documents can serve as your proof of identity as well as to prove your marriage age. This means that when you go to a lending institution, such as a bank, for a mortgage, the lending institution will see your marriage certificate and immediately know that you are not married yet. These are two of the most important pieces of documentation that you need to have with you before applying for a mortgage. You may have some concerns about how these documents will affect your ability to get a loan, especially if you have a poor credit history or have been at fault in the past for some type of accident. However, lending institutions are legally obligated to accept all forms of documentation pertaining to a person's history before approving a mortgage for that person.

Your License is there simply to prove that you are of legal age to drive. You can also use these as your proof of identity, meaning that you will need to have a valid address registered with the DVLA as well.

Next on the list are your passport and identity cards. These are used to prove who you are and will be needed by a lending institution if they are going to lend you money. What documents do I need for a mortgage in the UK if I want to get one with no credit check attached to it? Well, your current passport and your passport card.

What documents do I need for a mortgage in the UK if I want to borrow a smaller amount of money? You will need your bank statement, your rent payment record, your council tax bill, your mortgage provider information, and proof of your income. If you're unable to provide any of this with the lender, then this means that you won't be able to borrow the money that you're looking for. This means that you have to be more proactive when it comes to being able to borrow money.

Are there other documents that I need for a mortgage in the UK that is not covered by this list? Yes, there are. However, this is the bare minimum list that you should have. If you want to learn more about borrowing mortgage advice in the UK, then speak to a licensed mortgage advisor. They will be able to tell you which types of mortgages are available and how much that you'll need.

Get through the process of getting a mortgage can be hard, confusing and frustrating. I highly recommend speaking to a whole market Mortgage Broker who can advise and help you through the process. Not only that but help you find the best deal on the market for your situation.

Article source: https://articlebiz.com
This article has been viewed 228 times.

Rate article

Article comments

There are no posted comments.