Every lender will look at various criteria before deciding whether to approve a mortgage. Some of the main factors that are taken into account are:
A good credit history.
Being aged 18 or over.
Age not greater than 70 at the end of the mortgage term. With some lender this age is 68.
Ability to repay – as a guide mortgage repayment on all loans including your mortgage should not exceed 35% of your net income
Secure employment.
Continuous employment at least 12years.
Self-employment for at least 2 years, some lenders require 3 years.
Good bank account management
With all lenders the primary focus is on your repayment capacity.