Getting ready for your first mortgage
It's a good idea to get organised before you apply for a mortgage and find your new home. There are a few things you can do to make the process smoother.
Get on the electoral roll
If your name isn't on there, you’ll find it harder to get credit. Go to The Electoral Commission to find out how to register.
Review your credit file
If you think information on your file is wrong, ask your bank to correct it or challenge it with the credit reference agency. Errors on your credit file can lead to your application being rejected. You can find out more about improving your credit file on the Money Advice Service website.
Get your paperwork ready
When you apply for a mortgage, lenders will look at your income and outgoings. To prove your income you’ll usually need to show pay slips and bank statements from the last 3 months. If you’re self-employed, you'll need copies of your tax returns and business accounts, all prepared by an accountant.
Make regular card payments
Make sure you avoid missing card payments or paying late by setting up direct debits. Too much credit could have a negative effect so make sure you cancel any unused cards.
Prepare for the future
Are you thinking of starting a family sometime soon? Would you still be able to afford your mortgage payments if your income changed?
Think about how any future changes in income or interest rates could affect your ability to make your mortgage payments.
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NatWest Green Mortgages
According to UK Government National Statistics, residential properties make up 15% of the UK total climate emissions. At NatWest, we want to help to lower this and reward our customers who are trying to do the same.
NatWest Green Mortgages are available to over 18s purchasing a home with a valid Energy Performance Certificate (EPC) rating of A or B. Product fees may apply. Your home may be repossessed if you do not keep up repayments on your mortgage.