As part of the full financial assessment, you will need to provide financial documents and upload them via The Mortgage People’s secure online portal. These include, but aren’t limited to: ID, bank statements, wage slips, any benefits received or loan agreements, as well as a full credit check. These documents are validated as part of your full financial assessment.
Having provided the required information to The Mortgage People and, if you require a mortgage for your share, they can help you find a lender who will provide you with a Mortgage Agreement in Principle, or AIP for short. If you are purchasing your share in cash, The Mortgage People will undertake a similar level of checks to ensure you are buying an affordable share and are able to comfortably meet the ongoing costs such as rent and service charges.