Five tips to improve your chances of mortgage approval

Written by: Kerry Santucci CeMAP MLIBF

MANY FIRST-TIME buyers hope to make this year the year they get on the property ladder, thanks to the availability of 95% mortgages

But while there’s a good number of suitable first time buyer mortgages available, there’s no guarantee you’ll be approved.

To improve your chances, here are five of our top tips.


It might not sound like this has much to do with your mortgage, but you’ll find it impossible to get approved if you’re not on the electoral roll.

Though the main purpose of this register is to prevent fraudulent voting, it’s also used in credit applications and is one of the first things a mortgage provider will check. The process of registering is easy (as long as you’re a British citizen, an Irish citizen, or a Commonwealth or EU citizen who is living in the UK) and it can be completed online at


Your credit report includes any financial issues on your record in the last six years.

If you’ve received a county court judgement (CCJ) or filed for bankruptcy in that time, more than likely you’re aware of the issue and how it could affect your mortgage application. But even smaller incidents, such as late bill payments, can impact your score, and occasionally you’ll see something on the report you weren’t aware of.

Very occasionally you may also find an error, which can be corrected by contacting the creditor. You can check your credit report for free with ClearScoreEquifax or Experian.


Lenders want to see that your financial affairs are in order, so it is a good idea to have a spring clean and get everything neat and tidy.

If you have bank accounts that you no longer use, close them.

If you have small amounts of money in different accounts, consider pooling them together into one to give a clearer picture of your financial position. If you have a Lifetime Individual Savings Account (LISA), top it up to the maximum £4,000 annual allowance, so that the £1,000 government bonus will be added to boost your savings.

This will be particularly important for your current account as most lenders will want to see your bank statements. They are not just looking at your balance but how you use the account and what you spend your money on each month.

Our article How to increase your mortgage affordability will give you some more ideas.

Get all of your proof of income organised; payslips and P60 etc. If you are self-employed or a limited company director make sure you have upto date company accounts and SA302s to hand.


Mortgage providers will check to see how many credit arrangements you already have before they approve your mortgage, and they want to see that number as low as possible. They will be checking whether you can afford the new mortgage as well as the other debts and credit.

So, if you have small outstanding debts that you can clear without subtracting from the money you have saved as a deposit, it ‘s probably a good idea to clear them.

Our online mortgage affordability calculator will help you work out how much you can borrow.


If you know that you will be soon applying for a mortgage then you should avoid signing up for any new credit agreements such as loans, car finance or credit cards.

Usually, when you make a new credit application, the lender will perform a hard enquiry on your credit file, this will leave an entry for other lenders to see. If several hard enquiries are made during a short period, that can temporarily affect your credit score.

So, until your mortgage application is approved and you have moved in, it’s best to delay new credit applications.

It is quite common for lenders to re-check your credit file just before they release funds to your solicitor. This picks up any loan or credit applications that you have made after applying for the mortgage.

Kerry is an award winning mortgage broker and Head of residential and buy to let mortgages.
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