8 Steps for a Simple Mortgage Application Process.

A Clear, Simple Guide to Applying for a Mortgage

What Are the Stages of a Mortgage?

If you’re wondering what the stages of a mortgage are, you’re not alone — it’s one of our most commonly asked questions, especially among first-time buyers. The mortgage application process can seem overwhelming, but it doesn’t have to be. Below, we break down the process into 8 simple steps, guiding you through what to expect from your initial consultation to getting the keys to your new home. Whether you’re buying for the first time or looking to remortgage, this guide explains how it all works and how we support you every step of the way.
 

1. Start with a Mortgage Consultation

We begin by understanding your financial situation — including income, expenses, credit score, and long-term goals. This helps us recommend the right type of mortgage for your needs.

👉 Tip: A strong credit history improves your chances of getting approved and may lead to better rates. We can advise on how to boost your credit score before applying.


2. Get a Mortgage Agreement in Principle (Pre-Approval)

We’ll help you secure a mortgage agreement in principle from a lender. This gives you a clear idea of how much you can borrow and shows sellers you’re a serious buyer.

💬 Common Question: “Can I get a mortgage with bad credit?”
Yes, it’s possible — but options may be limited. We’ll guide you through suitable lenders or specialist deals if needed.


3. Understand Your Deposit & Mortgage Options

Before searching for a property, it’s important to know how much deposit you’ll need. Most lenders require at least 5–10%, but a larger deposit often means better mortgage rates.

We’ll also explain different mortgage types, including:

  • Fixed Rate vs Variable Rate

  • Interest-Only vs Repayment

  • Government Schemes (e.g. Help to Buy, Shared Ownership)


4. Start Your Property Search

With pre-approval and a clear budget, you can begin house hunting. We can also connect you with trusted estate agents to help find properties that match your goals and affordability.


5. Submit Your Full Mortgage Application

Found your dream home? We’ll help you complete the formal mortgage application, including:

  • Proof of income (payslips, P60, or accounts if self-employed)

  • ID and address documents

  • Bank statements

  • Details about the property

We’ll ensure everything is accurate to avoid delays.


6. Property Valuation & Underwriting

Your lender will:

  • Arrange a property valuation to confirm its worth

  • Review your documents and assess the risk of lending to you (underwriting)

They may ask for additional info — we’ll guide you through quickly responding.


7. Receive Your Mortgage Offer

Once approved, the lender will send you a formal mortgage offer. We’ll go through it with you to make sure everything is clear — including:

  • Interest rate and term

  • Monthly repayments

  • Fees or charges


8. Final Legal Steps and Completion

Your solicitor will manage the legal paperwork, including property searches and contracts. Once the funds are transferred, you’ll receive your keys — and it’s time to move in!


After You Move In – What’s Next?

Once you’ve moved in, we’ll stay in touch to ensure you’re comfortable with your mortgage and help you plan ahead — whether it’s reviewing your deal in future or advising on remortgaging options later, we ensure a smooth transition.


Need Trusted Help Choosing the Right Mortgage?

We’re here to make the process simple, stress-free, and tailored to you. Whether you’re a first-time buyer, moving home, or looking to remortgage — we’ll match you with the right lender and guide you every step of the way.

Speak to a local advisor today and start your exciting journey with us today:
Swindon: 01793 315932

The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £99 to £299 and this will be discussed and agreed with you at the earliest opportunity