What do mortgage lenders look for?

Lenders assess several different factors when considering your mortgage application. This includes the following:

  • Credit score
  • Income
  • Debt-to-income ratio
  • Credit utilisation
  • Employment history
  • Asset reserves 

The specific factors may change depending on the country, but all lenders want to confirm that you have a reliable income and the financial means to make consistent mortgage payments. A good credit history also helps, as it shows your track record of repaying debts on time.

Do I pay a mortgage lender fee?
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What address history do I need to provide to get a loan?
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Do mortgage lenders look at my bank statements?
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How far back do mortgage lenders look?
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What is a fixed mortgage loan?
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What type of mortgage loan can I get?
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Does Upscore provide multiple options for lenders?
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What is the minimum loan amount for buying property abroad?
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Can I get a loan to buy property abroad?
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