Second Properties

You can usually secure a new mortgage deal around 3–6 months before your current deal ends. Many lenders allow you to lock in a new rate in advance, which can help you avoid moving onto a higher standard variable rate.

Speaking to an adviser early ensures you have time to review your options and secure the most suitable deal.

When applying for a mortgage, you’ll usually need:

1. Proof of identity – Passport or driving licence
2. Proof of address – Recent utility bill or bank statement
3. Proof of income – Payslips (usually last 3 months) and latest P60
4. Bank statements – Typically last 3 months
5. Proof of deposit – Savings statements or gifted deposit letter (if applicable)
6. Self-employed applicants – SA302s or tax returns and business accounts

While a strong credit history makes approval easier, many lenders consider more than just your credit score. Factors like your income, employment stability, deposit size, and overall financial situation also matter.

There are specialist lenders who work with applicants who have missed payments, defaults, or other credit issues. You may need a larger deposit or pay a slightly higher interest rate, but options are often available.

Speaking with a mortgage broker like Mortgage Advisers UK can help you understand what you qualify for and which lenders are most likely to approve your application.