When you’re preparing to buy a home, having everything in place before applying for a mortgage can make the process much smoother. Whether you’re a first time buyer in Birmingham or planning to move home, getting organised early can help you feel more confident and mortgage-ready.

Your personal and financial situation will influence how much deposit you need to buy a property in Birmingham. This guide outlines the key steps to take before applying, so you’re in the best possible position when the time comes.

Check Your Credit Report

One of the first things to sort out is a recent credit report. This gives your mortgage advisor in Birmingham an overview of your financial history and credit profile. It can also help identify any issues that might affect your application.

If you haven’t already downloaded a report, your advisor can guide you through how to access one quickly and easily.

Get Your Agreement in Principle

Before viewing properties, it’s a good idea to get an agreement in principle (AIP). This is a document from a lender confirming how much they could lend you, based on your credit history and income.

Having an AIP in place shows estate agents and sellers that you’re a serious buyer. Most AIPs are valid for around 30 to 90 days. If yours expires or you need help arranging one, our team can usually sort this for you within 24 hours.

Plan Your Budget

Having a clear idea of your budget is a vital part of getting ready for a mortgage. Look at your current outgoings, such as rent, bills, subscriptions, and everyday spending, so you understand how much you could afford to pay each month once you move.

If you’re unsure where to begin, our team can provide a simple budget planner to help map everything out.

What documents will you need?

When you apply for a mortgage in Birmingham, there are several documents your lender will ask for. Getting these ready in advance will help speed up the process.

Proof of ID

You’ll need to confirm your identity with either a valid passport or UK driving licence. These can’t be used twice for different checks, so if you use your passport for ID, you’ll need something else for proof of address.

Applicants who are not UK nationals will also need to provide their visa.

Proof of Address

This usually comes in the form of a recent utility bill or bank statement showing your current address.

Make sure all your financial accounts and memberships are registered at the right address, as outdated information can cause delays.

Bank Statements

Lenders typically ask for your last three months’ bank statements. They use these to assess your income, spending habits, and how you manage your money.

Try to avoid transactions that could raise concern, such as heavy gambling or frequent use of your overdraft, as these could affect your application.

Evidence of Deposit

You’ll need to show where your deposit has come from. It’s best to keep it in one account and avoid moving it around unnecessarily.

If you’re using a gifted deposit in Birmingham, the person gifting it will also need to provide evidence of where the funds have come from. Lenders like to see a consistent pattern of saving over time, ideally in a savings account.

Proof of Income

If you’re employed, you’ll need to provide your last three payslips and a P60. Some lenders will take things like commission, bonuses or overtime into account, depending on the circumstances.

If you’re looking for a self employed mortgage in Birmingham, lenders will usually ask for at least two to three years’ accounts and tax documents. One of our mortgage advisors can talk you through exactly what you need.

Date Last Edited: June 17, 2025