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Can I get a mortgage?

Can I get a mortgage?
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Getting a mortgage can be a tricky business. It’s one of the biggest financial commitments you are likely to make in your lifetime, so there are a lot of hoops to jump through. If you have ever wondered whether you can get a mortgage, then we are here to help break down the first steps to finding out.

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What affects mortgage eligibility?

Everybody’s personal finances are different, so there is no one size fits all answer to whether you can get a mortgage or not. Instead, there are certain elements that are worth thinking about.

Lenders take lots of things into consideration when deciding whether or not to lend to you. And you may find that while one lender doesn’t want to give you a mortgage, another may.

The main things that a lender will look at include:

  • The size of your deposit
  • How much you need to borrow
  • Your employment status
  • Any debts you may have
  • Your credit rating
  • What you spend each month
  • The type of property you want to buy

Can I get a mortgage?

If you are wondering whether or not you can get a mortgage, there are three key things that you can do before making an application:

  1. Take advantage of tools like mortgage calculators. These are typically free to use and can give you an idea of how much you can afford to borrow.
  2. Check your credit score. While it is still possible to get a mortgage with bad credit, it is much more straightforward if you have a ‘good’ credit score. You will also have more options to choose from, so you can secure yourself a better deal.
  3. Speak to a mortgage broker or your bank. While mortgage calculators can give you a general overview of what you can borrow, discussing your circumstances with someone will give you a fuller picture.

You can see if you qualify for a mortgage by getting an Agreement in Principle (AiP). This is something you can get from a bank or a mortgage broker and it will tell you whether you can borrow the amount you want. It is not a mortgage offer, so applying for one won’t affect your credit score.

What can stop you from getting a mortgage?

There is no guarantee that you will be accepted for a mortgage. However, there are some things to be aware of that could prevent you.

As mentioned above, bad credit will make it harder for you to be accepted for a mortgage. A lender will check your credit report as part of the application process, and if they don’t like what they see, they could refuse your application.

Debt is another big issue when applying for a mortgage. If you have multiple loans or lots of credit card debt, a lender may be reluctant to give you a mortgage. As it is a long-term financial commitment, they are unlikely to accept an application from someone who can’t keep their debts to a minimum.

Affordability and your income is also a factor. For example, if you are self-employed, you may find it more difficult to get a mortgage. While it is still possible to do, you might have to jump through a few more hoops than if you were in a regular job.

Your life stage and whether or not you have dependants will also come into it. Lenders need to look at how long you have to pay down the debt. And what financial commitments you already have. So if you have young children in paid childcare, this is likely to be factored in.


If you are looking to get a mortgage, then it could be a good idea to speak to a broker. is a site that partners you with mortgage brokers in your local area. A broker will be able to help you look at what you could afford and what sort of deal you could potentially get.

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