Thank you for applying for your mortgage with us

Our mortgage team will thoroughly assess your application and any supporting documents to build up an overall picture of how you manage your finances. We want you to take out a mortgage with us but need to make sure you don’t overstretch yourself financially, so this is an important part of the mortgage application process.

Make sure your solicitor lets us know any key dates throughout the application process.

How we assess your application

We look at a number of factors to make sure you’ll be able to afford the size of your loan. We’ll take into account how much deposit you’re putting down, your incomes, household bills and outgoings, savings and any other financial commitments you may have.

Additional information

To help us understand your financial position clearly and move your application forward, we may ask you for additional supporting documents. If you’re employed, these may include your payslips or up to three months’ bank statements, depending on the type of mortgage you have chosen. If you’re self-employed, we may ask for up to two years’ of accounts.

Completing your assessment

Once our team has assessed your application, checked any additional documents and are confident you’ll be able to meet the repayments, we then move to the next stage – a valuation of the property.

Whether you’re buying or remortgaging, at this stage we will arrange for a mortgage valuation for our purposes only. You will not receive a copy of a valuation report.

Mortgage Valuation 

We will decide the most suitable valuation for your property.

The valuation that we complete will be for our purposes only and may not be a physical inspection of the property. You should not rely upon this valuation. 

Other survey types

If you'd prefer the re-assurance of a more detailed survey, you can search for a surveyor on the RICS website.

Alternatively, you can contact our partners Legal and General on 0345 200 2046 or visit the L&G website.

Buying a property in Scotland

If you're buying a property in Scotland, please check with your solicitor or the seller if a Home Report has been completed within the last three months.

Valuation result

Sometimes the valuation amount may be different to the estimated value or purchase price that you provided in your application. A physical inspection may also highlight building defects in the property. If this impacts our lending decision or the product you have chosen, we will notify you.

Once your valuation is complete, we carry out our final checks before writing to you and your solicitor with our mortgage offer.

If you’re remortgaging, we may appoint one of our solicitors. The solicitor will give you an information pack detailing what happens next.

Changing your offer before completion

We make our offer based on the details you provided in your original application, such as property purchase price, loan amount and your specific mortgage product. If you want to make any changes to these, now is your final opportunity to discuss them with your mortgage adviser before completion.

If you are buying a property, once your solicitor has made all of their checks, they will agree the dates for exchanging contracts and completing the purchase with the seller’s solicitor. On exchange of contracts, your deposit is paid to the solicitor. You’ve now committed to buy the property. If the property is in Scotland you will have already committed to buy it once all missives have been agreed by your solicitors.

Final steps

The last step is completion itself. This is where , if you are remortgaging, we either release the funds to you or to your previous lender to pay off the redemption amount and clear your old mortgage.

If you’re buying a new property, it’s when your solicitor sends us the Certificate of Title and in return we release the funds to them. They then pass those funds to the seller’s solicitor. Once the seller has received the money, the house purchase is complete. You get the keys to your new home.