10/02/2026
PHASE 1 – RESEARCH 🔎
The first part of the mortgage process and arguably the most important is research.
Research about you as the applicant, research as to your source of income? Do you take a flat salary, do you receive bonus, commission or overtime? Are you self employed?
We will explore if you have any debt in the background and the amount of deposit available and its origin.
We will also research into the mortgage market, for example some lenders will accept 100% of commission, overtime or bonus whereas others will only accept 50%, some lenders are particularly restrictive for the self employed whereas others are more lenient.
By the end of ‘PHASE 1’ you will know your max budget, a pretty good idea of which lender is the most suitable and a rough cost of monthly payments and deposit ratios based on that days rates and we will aim to finish this phase with a decision in principle with that lender.
Phase two coming tomorrow 7pm ⏱️