Providers pretty much require the same information on a mortgage application, however each application form differs in layout and questions asked. Here is a brief summary of what is typically asked on a general mortgage application form
- Type of loan
- Amount required
- Repayment type
- Type of loan – purchase, remortgage, buy to let
- Current mortgage details if applicable, amount outstanding, term, provider
- Full names
- Date of birth
- Marital status
- Nationality
- Last 3 years address details
- Current residential Status
- Contact details
- Details of all credit cards or loans, amount outstanding and monthly payments
- Details of all income sources
- Occupation
- Details of current employer or self employed details, including address details, type of business and length of employment
- Retirement Age
- Details of any regular financial commitments, childcare etc.
- Details of any financial dependants
- Anticipated Circumstances
- Have you ever had arrears of greater than one month on any mortgage or loan?
- Have you ever been bankrupt?
- Have you ever had a judgement for debt, or any default recorded against you or a company in which you hold/held at least 15%?
- Have you ever entered into a voluntary arrangement with creditors?
- Have you ever been refused a mortgage or any other bad credit?
- Have you ever been convicted of (or have prosecutions pending relating to) acts of dishonesty, such as theft or fraud?
- Are you currently applying for any other mortgage(s), loan(s) or credit?
- Are you a guarantor for any other loans?
- Purchase price
- Full address
- Whether leasehold or freehold and full details
- Property type, number of rooms and parking type
- If a flat number of floors in the block, and floor of the property to be mortgaged.
- Solicitors details if free legals are not being used. If using own Solicitors then they need to be on the lenders panel.
- Account details if self employed
- Estate Agents details, which may be required for the provider to gain entry to value the property.