Frequently Asked Questions

We answer some of our most popular mortgage related questions

Frequently Asked Questions

We’ve pulled together some of the most popular questions that we get asked. If your question isn’t answered, don’t hesitate to get in touch with us, we’ll be more than happy to answer any questions that you may have.

We also explained some mortgage jargon that may pop up when you’re looking for a mortgage.

When is the best time to come to a mortgage broker?

We think it’s best to come to a mortgage broker before you start viewing properties so know your budget and how much you’re able to borrow.

However, if you have already viewed a property and expressed an interest in a property, we’ll do our best to provide you a quick turnaround so don’t lose your dream house.

What is a mortgage broker?

A mortgage broker works similar to a comparison site, as a broker, we will find the best mortgage lender from our panel to suit your needs.

Amplo Mortgages take the time to understand your specific requirements, conduct a comprehensive search of the mortgage market and find the most appropriate mortgage based on your needs. We’re qualified to offer you advice so we can let you know what we think is best mortgage is for you.

We pride ourselves on taking the stress out of arranging your mortgage, managing the process from start to finish, liaising with your solicitor, estate agents and keeping you regularly updated. We aim to give you peace of mind as you’ll know exactly where your mortgage application is up to every step of the way.

What types of mortgages do you offer?

We can advise you on first time buyer mortgages, buy to let mortgages, a mortgage if you’re looking to move (upsizing or downsizing), bridging loans and commercial mortgages.

As well as mortgages, we can help you with protection insurance such as life insurance, income protection and critical illness protection.

What information do we need from you?

When applying for a mortgage, you will be asked to provide the following documents for your application: Proof of ID, Proof of Income, Bank Statements and Proof of Deposit.

You may be asked for other types of documents depending on your circumstances and the type of mortgage however, our team will let you know if that’s the case and what other documents we’ll need.

Can you still help me if I've been rejected from other lenders?

We work with a large panel of lenders therefore, if you have been declined by one lender, we may have a lender on our panel who may approve you for a mortgage.

I think my situation is complicated, are you able to help me?

We’re confident that we’ll be able to help you, no matter how complicated the situation is. We have over 20 years combined experience and what you think may be a complicated situation, its more than likely be something that we have seen before.

What is the process of getting a mortgage approved?

Firstly, we will have an appointment (face to face or over the phone) to learn more about you and from that appointment, we will give you an indication of what you can borrow.

Once that is done, the fun part starts and you can go on house viewings! Once you have put an offer in on a house, we will start the official mortgage application.

We should have all the information that we need from our first appointment to complete your application, however we will be in touch if we need anything else from you. Whilst your mortgage application is happening, the property that you’re purchasing will be surveyed.

If everything is in order, you will receive an official mortgage offer that you will need to accept if you’re happy with it. Then you will need to instruct a solicitor to act on your behalf for the rest of your house purchase. From there, we will be in touch with your solicitor and estate agent regularly until your completion date.

What do you mean by initial consultation?

The initial consultation is a discovery meeting to find out more about you, what your situation is, what type of mortgage you need and how we will be able to help. At the same time, we will let you know our process and timescales, so you know what to expect from us.

Can you provide me with a mortgage in principle?

Yes, we’re more than happy to provide you with a mortgage in principle from the lender so when you’re ready to put an offer in on a house, you have what you need to do so.

What is a remortgage?

Remortgaging means switching your current mortgage deal to another mortgage deal, it can be with your existing lender or with a different one. Remortgaging commonly happens when the fixed term on a mortgage deal comes to an end.

What protection insurance can you help me with?

We can advise you on Life Insurance, Critical Illness and Income Protection.

Can I get a mortgage with a part time job?

Lenders generally are more interested in your disposable income and affordability rather than the number of hours that you work. As long as you have proof of income, your employment status shouldn’t be an issue.

How many months of payslips do I need for a mortgage?

It can vary between lenders however it’s usually 3 months of your latest payslips. In some cases, lenders may ask for more and require proof of income for a full year or longer.

“Mike has been absolutely fantastic throughout the whole process, very professional but also down to earth when explaining something I knew nothing about. I also dealt with Sam who was very responsive and professional.

Highly recommended and couldn’t have gone through this process without them!”

Will Jordan (Google Review – June 2021)