How to get mortgage ready

When the time comes for you to remortgage or buy for the first time, there are certain things you can do to speed up the process.

If you can get yourself as mortgage ready as possible (possibly around six months prior to you needing a mortgage) then when the time finally comes, you will be in a much stronger position and your mortgage could go through much quicker.

So what can I do to get myself mortgage ready?

When applying for a mortgage, you'll need to pass some affordability checks to see if your finances are in order. This ultimately helps the lender to decide if you're trustworthy enough to lend money to.

The lender will look at your income vs your expenditure, so it’s important that you can show you're capable of keeping your finances in order.


If you have any outstanding loans, try and pay these off before you apply for your mortgage, and avoid taking out any more loans in the meantime.

Keep on top of payments

Pay all your bills on time. This can be anything from a phone bill, to general household utility bills. This will prove you're reliable and financially independent.

Electoral roll

A simple but effective thing to do is to register on the electoral roll. Also, make sure any bills you have are registered to your current address, so everything is easy to trace.


It's advisable to remain in the same employment for at least six months. This will show that you have a regular, stable income coming in every month, and there is less chance of your employment being terminated on the spot, like it would if you were still on a probation period. You'll also be asked to provide pay slips over the last three to six months.

Regular saving

If regular savings can be traced on your bank statements, this can be good for a number of reasons. Not only can it show where the money for your deposit has come from, but it can also prove to your lender that if you're able to save £500 a month, for instance, then this is money that can then go towards paying off a mortgage. Learn our tips on how you can save to buy a house.

Consider your credit rating

Using a credit card responsibly can help improve your credit score, showing that you're able to look after your own finances and pay off any outstanding debts within a certain timeframe. Just make sure you register the card to the address you're living at, and you could even hook it up to your direct debit card, so you don’t have to worry about forgetting to pay it off every month.

The main thing is to prove that your spending patterns are in line with how you see yourself when you have a mortgage. If there are any cutbacks you can make, now is the time to make them. Perhaps if you have a gym membership that you don’t use regularly, or you have a subscription to Sky that you probably don’t need, then it would be a good idea to cancel them for now, just to save you that extra bit of money. Afterall, every penny counts!

Read more on how to improve your credit score.

Speak to an adviser today about how to improve your affordability. With a network of over 12,000 products, we can help you find the right mortgage for your needs.

Because we play by the book we want to tell you that…

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

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