Once you have decided on a lender and a mortgage, you will be asked to fill in an application form. If you are dealing direct with the lender, you may be able to fill in the form on a computer while you are with them. They will then print out the completed form for you to check, sign and return with the required documentation. Others will give you a form to fill in at home. If you are acting with a mortgage broker, they will be able to give you an application and help you to fill it in.

On a typical mortgage application form, you will be required to give personal details for all applicants. In order for credit checks to be carried out, you will need to provide details of any addresses where you have lived over the last three years and the dates that you lived there.

If you are selling a mortgaged property you will be asked details of your current mortgage, such as the outstanding balance and the current value of your property along with details of where your mortgage is held.

You will be asked for complete listings of all your current outgoings towards any outstanding loans, including credit cards and hire purchase. You will need to give any details of maintenance payments and whether you know of any problems with your credit history.

Details of you employment income will need filling in, including your payroll number and National Insurance number. The self-employed will have their own section to fill in including details of the last three years accounts.

You will be asked which mortgage product you have chosen and whether this is for a remortgage without moving house. If you are buying a new house, you will be asked how much deposit you will be putting down and the purchase price. You will need to give details about the property such as the type of accommodation, what the house is constructed of, the address and the year that it was built. If the property is brand new you will have to give details of the builders. You will be asked what type of valuation you would like on the property.

If you have chosen an interest only mortgage with an investment vehicle, you will need to give details of the investment product. Then you will be asked which solicitor is acting for you. You will need to know if you are taking out payment protection with your lender as well as buildings and contents insurance. You will be asked to sign a declaration which should be read very carefully. Finally, the lender will need your bank details for your monthly payments.

After careful checking to ensure all relevant information has been included in the form, you can prepare the extra documentation along with details of how you will pay any arrangement fee and valuation costs.

The extra documentation can change from lender to lender. Typically you will be asked to provide your current lender’s annual mortgage statement if you already have a mortgage, the last three months salary slips or eight weeks wage slips and your current P60.

This should complete your mortgage application.