If you have an unanswered questions or concerns then below is a selection of common questions and information about loans, mortgages and things we thing may help you understand the Mortgage House process.

Do I need a deposit?

Yes, you will need to provide at least a 5% deposit, however there are government schemes currently available to assist with this and the larger the deposit you provide the better the interest rate.

Will this affect my credit score?

No. Mortgage House will not carry out a credit search, therefore there will be no record on your credit profile. However when you formally apply to a mortgage lender, this will usually register a search which can reduce your credit score slightly. It is advisable to obtain a copy of your credit report so that you have this information.

Why Mortgage House?

Mortgage House Brokers are experts in the mortgage market, using cutting edge technology, industry knowledge and vast experience to make sure that your mortgage requirements are dealt with swiftly and professional.

Does the mortgage company arrange a survey?

Yes, the mortgage company will require at least a basic survey, however Mortgage House, will guide you through the different options available with Home Buyers reports and Full Structural surveys, explaining the cost and what they provide.

Can I still get an interest only mortgage?

In short yes you can, however the criteria for interest only mortgages for residential mortgages has changed, and you will need to fulfil this criteria to be eligible, however our experts at Mortgage House will guide you through this process.

Do I go fixed or variable

This question is debated constantly, but please don’t worry our experts will provide a full explanation of your options and often by discussing your concerns and needs, you can narrow down your choice, but Mortgage House will provide full guidance on this.

What fees are there when buying a property?

When buying a property you will need to engage the services of a Solicitor to act for you, they will provide you with a written quotation of their costs and compulsory costs associated with buying a property such as Stamp Duty (a government tax) land searches etc, that will be provided in your quotation.

With your mortgage it is possible for the mortgage company to charge you an arrangement fee and a fee for the survey. These fees will be fully disclosed by Mortgage House before you make your decision.

As the fees for your mortgage can vary so much, please always ask for a breakdown of these costs and charges.

What happens at the end of my mortgage product

At House Mortgages, we want to assist you throughout the lifetime of your mortgage not just as a one off, so when your mortgage product is due to expire and your mortgage payments could rise. Mortgage House will contact you to provide advise on what to do next, to make sure that you always pay the lowest amount possible on your mortgage.

How much can I borrow?

The amount of mortgage you are eligible for will depend on your current income, your current commitments and is based on affordability. The amount you can borrow will also vary from lender to lender, and this is where Mortgage House Experts will provide different options depending on your needs and expectations.

What information do I need to provide the mortgage company?


You will need to provide in most cases your latest 3 months payslips and latest P60. Your latest 3 months bank statements from all of your current accounts.

Self Employed
You will nee to provide in most cases your Latest 3 years trading accounts, tax computations from your Accountant and Tax years Overviews. Your latest 3 months bank statements from all your current accounts.

In all cases
Evidence of your deposit, Identification such as passport or driving licence.

This list isn’t exhaustive and the lender can request further information.