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Questions regarding brokers.

hayley2411
hayley2411 Posts: 23 Forumite
10 Posts Name Dropper
in Mortgages & endowments
When applying for a mortgage and a FTB what should you expect a mortgage broker to ask for? To be able to place you with the correct lender? 

Thankyou 

Comments

  • haras_n0sirrah
    haras_n0sirrah Posts: 1,339 Forumite
    1,000 Posts Name Dropper
    We ask for 
    Latest 3 months payslips if employed and latest 3 years tax assessments and corresponding tax year overviews along with latest 3 months business bank statements if self employed. Latest 3 month personal bank statements. Proof of Id, proof of address dated within last 3 months, proof of deposit and credit report
  • monetxchange
    monetxchange Posts: 552 Forumite
    500 Posts Third Anniversary Name Dropper Photogenic
    Mine set up an appointment and ran through my situation. My employment status, any debt, where the deposit had come from, income, any business dips recently, government grants, everything that he knew he'd have to take to the lenders to get a decision. Then I sent in bank statements, tax returns/wage slips, ID. If you find the right one, they'll guide you through it completely.
    Debt Free: 06/03/2020 Highest Debt: £37,514
  • ACG
    ACG Posts: 24,897 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I ask about 5-10 questions on the initial phone call. That usually tells me if we can help or not. 
    If we can, I then ask customers to complete a factfind and send me a copy of the credit report. 

    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • hayley2411
    hayley2411 Posts: 23 Forumite
    10 Posts Name Dropper
    Thankyou this is really useful. It seems my broker didnt really ask for anything then 😳
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