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Securing an excellent mortgage offer with Revolution Finance Brokers couldn't be easier

1Get in Touch

Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.

2Submit Your Application

Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.

3Mortgage Completion

Revolution Finance Brokers will finalise the details and enable you to move forward without delay!

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Back | Insurance

Business Protection Insurance

Life Insurance

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Home Insurance

Mortgage Repayment Protection

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Back | Calculators

Commercial Stamp Duty

How Much Can I Borrow?

Buy To Let

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Residential & Commercial Bridging

Mortgage Repayment

Development Finance

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Back | Your Mortgage Position

Your Mortgage Position

Bad Credit

Bridging

Buy to Let

Development Finance

Self Employed

Mortgage for professionals

Lifetime Mortgages

Expat mortgages

Interest Only

Mortgage Affordability

Mortgage Application

Income Types

Residential Mortgages

Commercial Mortgages

Property Types

Remortgages

First Time Buyers

Mortgage Declined

Offset Mortgage

Other

Back|Bad Credit

Bad Credit Mortgages

Mortgage for Applicants with Bad Credit

Mortgage with Defaults on Your Credit

Buy to Let Mortgage With Bad Credit

Finding a Mortgage with Poor Credit

Mortgage Interest Rates with Bad Credit

Mortgage After Repossession

Getting a Mortgage After Payday Loans

Avoiding Repossession

Subprime Mortgages

Mortgage with a CCJ

Mortgage with Credit Card Debts

Adverse Credit Mortgage Online

Self-Employed Mortgage with Bad Credit

Shared Ownership Mortgage with Adverse Credit

Right to Buy as a Bad Credit Applicant

Commercial Mortgages for Bad Credit Borrowers

Deposit Requirements for Bad Credit Mortgages

Finding a Mortgage Offer After Rental Arrears

How Can I Repair my Credit Score to Get a Mortgage?

How Does the Help to Buy Scheme Work for Bad Credit Applicants?

How to Decipher Your UK Credit Reports

How to Secure a Bad Credit Buy to Let Mortgage

Is it Possible to Find a Mortgage After Bankruptcy?

How to Qualify for a Mortgage with Zero Credit Score

Joint Mortgage Applicant Has Bad Credit

Are There Mortgage Options After a Debt Management Plan?

Are There Mortgage Options After a Debt Relief Order?

Back|Bridging

Bridging Finances

Auction Finance

Fast Bridging Finance

Low-Cost Bridging Loans

Bridging Loans Guide

Bridging Loans for Residential Homes

Bridging Loan at 100% Loan to Value?

Commercial Bridging Finance

Bridging Loan with Adverse Credit

Fast Bridging Finance

Financing a Property Purchase at Auction

Finding Regional UK Bridging Loans

Financing an Auction Property Purchase

Bridging Finance for Land Developments

Long & Short Term Bridging Finance

Bridging Finance on Rental Investments

UK Bridge to Let Mortgage Borrowing

Using Bridging Finance for Development Projects

Back|Buy to Let

Buy to lets

Buy To Let Mortgages for Expats

Buy To Let Refurbishment Mortgages

Buy to Let Interest-Only Mortgages

Changing Your Mortgage to Buy to Let

Mortgages for Buy to Sell Investments

Company Mortgages for SPVs

Stamp Duty for Buy to Let

HMO Finance

LTD Company Property Finance

Holiday Let Mortgages

Holiday Let Mortgages 80 LTV

Repayment Mortgage for Buy to Let

Buy To Let Mortgages For New Builds

Buy to Let Mortgages Guide for Investors

Buy To Let Mortgage With Poor Credit

Let to Buy

BTL UK Portfolio Mortgages

Portfolio Landlord Mortgages

Property Refurbishment Finance

Best Buy to Let Mortgages: 75% LTV

Buy to let 80% LTV Mortgages

Buy to Let Remortgage

Securing BTL Mortgage Quotes & BTL Agreement

Buy to Let Mortgages for First Time Buyers

Buy To Let Mortgages For Retiree Landlords

Back|Development Finance

Development Finance

Development Finance Explained

Guide to Construction Finance

Development Exit Finance

Why Location Matters in Development Finance Applications

Development Finance for Residential Properties

Finance a Property Development with No Deposit

Development Finance Applications

Development Finance ROI

Checklist of Considerations before you Develop Your First Propertyce

Development Finance FAQs

Lender Criteria for Development Finance

Back|Self Employed

Self Employed Mortgages

Company Director Mortgages

Mortgages for LLPs

BTL Mortgage If You Are Self Employed

Self-Employed Mortgage After 2 Yrs Accounts

Mortgages For Newly Self Employed

Mortgage for Partnerships & Sole Traders

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Back|Mortgage for Professionals

Mortgages for UK Professionals

Foster Carer Mortgages

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Mortgage for Teachers

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Mortgages For Social Workers

Back|Lifetime Mortgages

Lifetime Mortgages

Equity Release With & Without Mortgage

Equity Release with a Mortgage

Interest-Only Equity Release Mortgages

Home Reversion in Equity Release Financing

Analysing Equity Release Product Safety

Equity Release as a Retirement Strategy

Repaying an Equity Release Mortgage Early

Back|Expat Mortgage

Expat Mortgages for UK Nationals

Expat Remortgages for UK Nationals

Finding a UK Mortgage Broker as an Expat

Buy To Let Mortgages for UK Expats

Mortgage Calculator Guide for Expats

Back|Interest Only

Interest Only Mortgages

Switching Your Mortgage to Interest-Only

Part Repayment & Interest-Only Mortgages

Repayment vs Interest-Only Mortgages

Interest-Only Mortgage for First-Time Buyers

Secured Interest-Only Home Loans

Interest-Only Retirement Mortgages

Interest-Only Lifetime Mortgages

Repayment Vehicles for Interest Only Mortgages

Back|Mortgage Affordability

Mortgage on 5.5 x Salary

Mortgage on a Single Income

Mortgage with an Overdraft

Mortgages on 4 - 4.5 x Salary

Mortgage based on Salary

Mortgage on a Single Income

Requirements for a £350,000 Mortgage

Mortgages at 6 x Income

Affordability Check for a Mortgage Application

How Do Mortgage Affordability Checks Work?

Back|Mortgage Application

Mortgages for Individuals

Friends or Family Members

VISA Mortgages

Foreign National Mortgage

Multiple Applicant Mortgages

Single Parent Mortgage

Mortgage Application Process

Mortgage Agreement in Principle

Joint Applicant, Sole Proprietor Mortgages

Single Parent Mortgage

Joint Mortgage Applications

Rejected Mortgage Application

Back|Income Types

Mortgage with Non-Mainstream Income

Mortgage on a Temporary Work Contract

Mortgage on a Zero Hours Contract

Mortgages for Part-Time Workers

Mortgage Applications Based on Pension Income

Mortgage Options for Gambling Income

Mortgages for Freelancers & Self-employed

Mortgages for Contractors with Variable Income

Mortgages for Agency Staff Employed Through an Umbrella Company

Back|Residential Mortgages

Residential Finance

Moving Home

Consumer Buy to Let Mortgages

Specialist Mortgages

Second Charge Mortgage Brokers

Offset Mortgages

Shared Ownership Mortgages

Self-Build Mortgages

Regional First-Time Buyer Mortgages

Interest Only Mortgages

Tier 2 Visas Mortgages

Mortgages at 95% Loan to Value

Back|Commercial Mortgages

Commercial Property Finances

Commercial Mortgages

Property Investment Finance

Commercial Remortgages

Semi Commercial Mortgage

Interest Only Commercial Mortgages

Mortgages For Flats Above Shops

Mortgaging Land Purchases

Portfolio Landlord Mortgages

Mortgages with Bad Credit

Mortgages for Land Investments

Mortgages for Pub Businesses

Large Commercial Mortgage

Bridging Loans for Commercial Mortgages

Mortgages for Large Investments

Commercial Mortgages for B&Bs

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Remortgaging Commercial Property

Care Home Commercial Mortgages

Second Charge Mortgages

Business Through Mortgage Lending

Deposits on Commercial Mortgages

Hotel Mortgages

Affordability Criteria in Commercial Mortgages

Pros & Cons of Commercial Mortgages

Buy to Let Mortgages for Businesses

Mortgage Terms on Commercial Lending

Asset Finance & Working Capital

Unsecured Business Loans

Business Expansion Finance

Invoice Finance

Partnership Buyout Finance

Hire Purchase

Lease Purchase

Back|Property Types

Mortgage Rates on New Constructions

Timber Framed House Mortgages

Home with Identified Asbestos

Mortgage on a Maisonette

Property with a Deed of Covenant

Mortgages on Non-Standard Developments

Mortgages on Single Brick Properties

Eco-Friendly Home Mortgages

Ex-Local Authority Flat

Flying Freehold Mortgage

Thatched Roof Property

Flat Mortgages for High Rises

Studio Flat Mortgage

Mortgage on a Home with a Flat Roof

Mortgage Survey Undervalues Your Property

Properties in Flood Risk Areas

Mortgage Lending on Homes with Annexes

Steel Framed House Mortgages

Mortgages for Concrete Properties

Mortgages for Leasehold Properties

Mortgaging a Cottage Property

Mortgage for below Market Value

Repossession Property Purchase

Planning Permission for British Properties

Mortgage on a Home Adjacent to Commercial Properties

Back|Remortgages

Back|Mortgage Declined

How To Deal With Having A Mortgage Declined On Affordability

Finding a Solution When You Have Had a Mortgage Declined Post-Valuation

Help for Homebuyers Who Have Had a Mortgage Declined After Agreement in Principle

Tips and Advice on Proceeding If You Get Declined for a Mortgage After Exchanging Contracts

What to Do if You Have Had a Mortgage Application Declined

Back|First Time Buyers

First Time Buyers

Deposit Requirements

First Time Buyer Guarantor Mortgages

Applying for a First-Time Buyer Mortgage

Finding a First Time Buyer Mortgage With a 5% Deposit

First-Time Buyer Stamp Duty and Mortgage Costs

Back|Offset Mortgages

UK Offset Mortgages

What is a Flexible Mortgage - And Who is It Best Suited To?

Offset Mortgages Rated - Pros and Cons

Average Rates on UK Offset Mortgages

What Are Cashback Mortgages - and How Do They Work?

How To Find the Lowest Fixed Rates on Offset Mortgages

Is a UK Current Account Mortgage Right For You?

Guide to Offset Mortgage Online Calculators

How Family Offset Mortgages Work

Mortgage Reserves - How an Offset Works

Back|Other Mortgages

Second Charge Mortgages Brokers

Applying for a Mortgage With a New Job

Mortgages for Uninhabitable Property Purchases

Can I Mortgage a Contaminated Land Investment?

Can I Mortgage a Listed Grade Two Property?

Can I Get a Mortgage While on Maternity Leave from Work?

How Does a Public Footpath Impact My Mortgage Chances?

How Many Mortgage Products Can I Have Simultaneously?

What Deposit Sources are Acceptable in the UK?

What Sort of Homeowner Loan Am I Eligible For?

Complete Guide to the UK Mortgage Process

How Can a Broker Improve My Mortgage Eligibility Assessment?

How Can I Improve My Chance of Mortgage Approval?

Full details about the optimal ways to boost your mortgage approval prospects, repair your credit score and lower the perceived lender risk to get the mortgage offer you want on the table!

Let’s Get Started Ask a question

Discover What Our Customers

Have to Say!

Almas Uddin

Founder and Mortgage Advisor

2023-05-09

How Can I Improve My Chance of Mortgage Approval?

Applying for a mortgage, and waiting for the outcome, can be nerve-wracking! Whether you're a first-time buyer or applying for a remortgage, our role is to make sure you apply to the right lender, for the right product, at the most competitive rates.

Here we'll run through how lenders assess each mortgage application and what you can do to make it more likely that you'll get a positive response.

If you've been turned down for a mortgage or would like to ensure you get your mortgage approval the first time, give us a call on 0330 304 3040, or drop a message to [email protected].

How Do UK Mortgage Lenders Assess an Application?

The first thing to do to make sure your application is approved is to know what the lender will look out for.

There are three primary criteria:

Affordability - whether you can afford to repay the debt. That looks at your income, debts, outgoings, and the stability of your employment.
Deposit - the higher the deposit, the lower the risk to the lender. They also need to know where that deposit comes from, with savings or family gifts the most acceptable sources.
Credit history - lenders will need to run checks on your credit file to ensure you haven't had any history of defaults or failure to keep up with your debt repayments.

You have to prove the information you put on the application form, so you need to have documents to have to show:

Your ID and address - such as a passport and recent utility bills.
Your income - payslips, P60s, self-employed tax returns of accounts.
Your expenses - information about credit cards, loans, and bank statements.

Already Interested, Let’s Get Started!

The following

topics are

covered below

What is the Best Way to Get My Mortgage Approved?

How Long Should a Mortgage Application Take?

When is the Right Time to Apply for a Mortgage Pre-Approval?

Can I Get a Mortgage Offer with an Adverse Credit History?

Are There Mortgage Approvals for Self-Employed People?

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Why Revolution Brokers?

Whole of market brokers

Mortgage that suits you

On time customer support

What is the Best Way to Get My Mortgage Approved?

Let's run through the basic steps to getting your mortgage funding.

First, you need to know how much you can borrow. This is calculated against your annual earnings, less debt repayments.

Next, you need to know how much of a deposit you have to put down and where those funds have been sourced from.

Third, we’d recommend accessing your credit report and ensuring it is accurate and up to date.

Once you know your deposit and the maximum mortgage you can borrow, you are in an excellent position to decide what value property you can afford.

Finally, you should consult an independent broker to put those puzzle pieces together and recommend the most suitable lender for you.

How Long Should a Mortgage Application Take?

It depends on how complicated it is. A straightforward application with no queries can take a couple of weeks. More involved applications can take 40 days or longer.

Most of the time, the process is split into two stages. You usually apply for an agreement in principle as an indicative offer to lend. AIPs are worth applying for since, although they aren't a firm guarantee, they do mean that you have better negotiating power when making an offer on a property.

You don't have to have an agreement in principle. Still, it is an integral part of the process since it will outline the maximum you can borrow and reassure you that you have passed the credit checks.

When you're ready to proceed with the application, you submit a full application and wait for a formal offer to lend from the mortgage provider.

Once you have a formal offer, it usually takes around three or four weeks to complete your purchase.

The time delays depend on lots of things, such as:

Whether you have bad credit issues that need investigating.
If the property is non-standard or an unusual construction.
Whether you have variable income or are self-employed.

When is the Right Time to Apply for a Mortgage Pre-Approval?

Most agreements in principle are valid for two or three months. It's wise to apply in advance since that means you are in a good position to proceed with a full application when an offer is accepted.

However, you might need to reapply if you don't find a property you wish to go ahead with before the AIP expires.

The best way to find an AIP is to work with an independent broker who will assess your circumstances and make sure you apply to the right lender the first time around. This avoids racking up hard credit checks and making it even more challenging to get approved for a mortgage next time around.

Can I Get a Mortgage Offer with an Adverse Credit History?

You can, yes, but will almost certainly need help from a whole-of-market broker with experience negotiating with specialist bad credit lenders.

Pre-approval looks at your credit record, but if anything else comes to light from a full credit check when you apply for the full mortgage, it is still possible to have an agreement in principle withdrawn.

There isn't a fixed minimum credit score you need to get a mortgage since every lender has a different policy.

Are There Mortgage Approvals for Self-Employed People?

Yes, self-employed mortgages work like any other, with the lender reviewing:

Your trading history, with a period of three years or more being ideal.
Profits and how much the business makes on average, usually over the last two or three years.

For sole traders, the lender will assess your net profit. For self-employed limited company directors, they will usually rely on your salary, plus dividends drawn from the business.

Almas Uddin

Founder and Mortgage Advisor

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As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature.

We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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Find out more about us

How Can I Improve My Chance of Mortgage Approval?

Discover What Our Customers

How Can I Improve My Chance of Mortgage Approval?

How Do UK Mortgage Lenders Assess an Application?

What is the Best Way to Get My Mortgage Approved?

How Long Should a Mortgage Application Take?

When is the Right Time to Apply for a Mortgage Pre-Approval?

Can I Get a Mortgage Offer with an Adverse Credit History?

Are There Mortgage Approvals for Self-Employed People?

Whole of market brokers

Mortgage that suits you

On time customer support

What is the Best Way to Get My Mortgage Approved?

How Long Should a Mortgage Application Take?

When is the Right Time to Apply for a Mortgage Pre-Approval?

Can I Get a Mortgage Offer with an Adverse Credit History?

Are There Mortgage Approvals for Self-Employed People?

Further Reading

Friends or Family Members

Are Online Mortgage Quotes Worth Relying On?

Can I Apply for a Mortgage in Northern Ireland?

Can I Apply for a Mortgage in Only My Name if I am Married?

VISA Mortgages

Can I Get a Mortgage if I Have a Criminal Record?

Foreign National Mortgage

How Can I Apply for a Mortgage Alongside Existing Debt?

How Do Mortgage Applications Work in Scotland?

How Quickly Can I Get a Mortgage Application Approved?

Mortgage Agreement in Principle

Mortgages for Individuals

Mortgage Options for Homeowners on Furlough from Work

Multiple Applicant Mortgages

Single Parent Mortgage

Mortgage Application Process

Understanding Retention Clauses on a Mortgage Offer

Joint Applicant, Sole Proprietor Mortgages

What are LIFT Mortgages in Scotland?

What Happens If I'm Made Redundant While Applying for a Mortgage?

What History of Bank Statements Do I Need for a Mortgage Application?

Which Government Mortgage Schemes Can I Apply For?

How Can I Improve My Chance of Mortgage Approval?

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