Home Loans
Getting ready for a home loan
The papers lenders ask for, and how to prepare your accounts in the three months before you apply.
Key takeaways
Tidy your accounts three months ahead
Avoid new credit before applying
Test the loan at a higher rate
Get an agreement in principle
A loan application is easier when the paperwork tells one clear story.
1. What lenders look at
Income, regular spending, existing debt and the size of your deposit.
2. Three months before
Avoid new credit, keep accounts in order and gather payslips and statements.
3. How much to borrow
Use the calculators for a first figure, then test it against a higher rate.
4. Ask for an agreement in principle
It shows sellers you are serious and tells you your real budget.
This is a demo article with invented figures.
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Written by
Tomás Rivera
Home finance writer
