Ready for your mortgage interview?

Preparing for your Mortgage Appointment

Buying a new home or planning home improvements is an exciting time and we’re here to help you make it happen.  At The Cambridge we aim to make your mortgage journey as clear cut as possible, even though it may feel a little nerve wracking at times.

You can meet with one of our mortgage advisers face to face or via a telephone appointment from the comfort of your own home, just make sure it's somewhere private for security reasons. 

Click here to start your mortgage journey.

What will I need to get started?

We'll need to gather information from you during your initial appointment to ensure that the mortgage you're asking for, or changes you're looking to make (if your mortgage is already with us), is affordable for you.

Please be prepared to provide information on your income, along with your monthly outgoings including committed expenditure and/or credit commitments. We recommend having your latest pay slip and p60 with you during your appointment. Or if you're self employed, your latest set of accounts or tax year overviews.

The appointment normally takes about 60 minutes and allows us to fully understand your mortgage requirements. Your Mortgage Adviser will talk through your current and future needs, and assess your income and expenditure to determine how much we can lend you. 

Existing borrowers looking to switch to a new deal

If your mortgage is already with us and you’re looking to switch to a new deal with no other changes, you won't need any information or documentation ahead of your appointment – which will normally take about 30 minutes. If you are looking to borrowing additional funds, you'll need to hand the same information as above.

Proving your identity - what you'll need

If you'd like to continue your mortgage application with us you'll need to prove who you are and where you live. Here's a list of the most commonly used documents to verify your identity:

List A: to prove who you are	List B: to prove where you live
A current signed passport or EU member state ID card	A utility bill - less than three months old, not a mobile phone bill
A current UK photocard driving licence (full or provisional) - showing your current address and an unexpired photograph*	A council tax bill for the current year
A current full UK old style driving licence*	A bank, building society or credit card statement - less than three months old

 ^{*Please note that you can't use the same item to verify both your name and address: two separate items are required.}

For a full list of the documents we can accept, please read our Verifying your identity guide.

We will only accept the original or certified copies of these documents. We'll take copies of the ID you've provided and retain these for our records. These are required to fulfil statutory obligations and won't be used for any other purposes.

If we can't verify your identity, we won't be able to proceed with your application.

Verifying your income

To prove your income for each applicant we'll need to see:

• Your last three month’s payslips and your latest P60. If you are self-employed, your previous two years' accounts / SA302 with tax year overview statement

• Your last three month’s bank statements showing your income

These documents can be online print outs, but please make sure they show your name, address and account details as well as the company logo.

How much will I be able to borrow?

At The Cambridge we are committed to responsible lending. This means that it is important to us that we don't lend you more than you can afford to repay.

We'll assess your ability to make your regular payments and to repay your mortgage based on your individual circumstances. This will include asking how much deposit you have and assessing your income and outgoings (expenditure). We'll then be in a position to let you know how much you can afford to borrow. 

When we know how much you can afford to borrow your Mortgage Adviser will then be in a position to recommend a mortgage that meets your individual needs.

We also consider the amount of the loan required as a percentage of the property’s value.

The following is a guide - please refer to the individual mortgage deals to confirm the amount you can borrow based on the value of the property.

Our lending limits may differ for new build properties and different property types may require larger deposits - get in touch for more information.

Please see our guide to Applying for a mortgage for further information on who can apply, how much you’ll be able to borrow, and the process of applying for your mortgage. 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE