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There are several ways to submit a formal mortgage application. And although the exact requirements will differ from one Lender to another, the main types of information needed are very similar.
Mortgages can be applied for directly with many Banks, Building Societies, and other Lenders. Or the Application can be submitted via a Mortgage Broker. There are several benefits to using a Broker, that can be explored separately.

The type of information needed at Application stage includes:
1) Personal details of all applicants and anticipated future inhabitants of the property.
2) Details about the property (address, age, construction type) that the mortgage will be held against.
3) Documentation such as proof of ID, address, funds, earnings, bank statements etc.
4) Amount of deposit available and information about the source of where the deposit came from.
5) Other information may be needed depending on the type of mortgage or scheme being used e.g., Guarantor info is needed for a Guarantor mortgage.
6) Initial fee payments where relevant, such as initial valuation fee.
On acceptance of a mortgage, Lenders will typically issues a European Standardised Information Sheet, which includes useful information about the mortgage terms, payment amounts, fees and charges etc.
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They offer a 30-day free trial, after which it becomes £14.99 a month. You can cancel at any time. We recommend you subscribe, download your file, then cancel your subscription.

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CheckMyFile.com is a third party site. If you use their services, we may receive a small fee from them.
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Q&A for First Time Buyers
For further information and Q&A, go to https://ExplainMortgages.com

Includes: Q&A sections on:
Buying Process
Mortgages
Mortgage Process
Property
Protection
Getting Help

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Explain Mortgages is a trading style of The Right Broker Limited, an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. The Right Mortgage Limited. Registered address: St Johns Court, 70 St Johns Close, Knowle, Solihull, B93 0NH. Registered in England and Wales. Company No. 08130498.

No fee is payable for our service in relation to mortgage or insurance contracts, as we get paid commission by the lenders/ insurers.

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

These videos are not intended to provide professional mortgage advice and should not be relied upon or regarded as a substitute for such advice. The information contained within each video is for illustrative and information only. Information is aimed at UK consumers only. We recommend that you seek advice from a qualified professional mortgage advisor before acting on any information or other content appearing within these videos.