Our Mortgage Process Every mortgage customer is different, and whether you're a first time buyer or looking to remortgage with us, you could find that you need a helping hand at some stages of the mortgage application process. Read the scenarios below to find out which stage of our mortgage process you're at, then refer to the relevant step of our mortgage application timeline to find relevant advice for you. • I want to know how much I can borrow on a mortgage with Newcastle Building Society - Go to Step One • I want to know how much my monthly repayments will be - Go to Step Two • I already know how much you will lend me, and would like to know how to apply for a mortgage - Go to Step Three • I'm booked for a mortgage appointment and want to know what to expect - Go to Step Four • My offer on a property has been accepted, and I want to know what to do next - Go to Step Five • I've put in my full mortgage application and I want to know what happens now - Go to Step Six Step One Before applying for a mortgage with us, you'll need to find out how much you can borrow. The amount you can borrow on a mortgage with us will depend on your individual circumstances, including your income and employment status, your typical monthly outgoings, the type of property you're looking to buy, and how much you have for a deposit. To get an idea of how much you might be able to borrow with us, take a look at our mortgage affordability calculator. This tool will give you a guideline for how much we might be willing to lend you, but it's not set in stone, so to get an illustration you will need to book an appointment with one of our qualified mortgage advisers. Step Two Once you know how much you can borrow on a mortgage, you'll probably be wondering how much your monthly repayments are going to be. To get an idea of how much you might need to pay each month, enter your details into our helpful mortgage repayment calculator. This helpful tool will give a guideline for how much you could expect to repay each month, as well as allowing you to compare repayments across our full range of mortgages. Step Three Once you have an idea of how much you can borrow and how much your repayments might be, please contact us on 0345 606 4488 or book an appointment at your local branch with one of our qualified mortgage advisers. Our phone line is open 8am-8pm Monday to Friday and 9am-3pm on Saturdays, and the initial phone call will only take about 5 minutes. Step Four Now it’s time for you to have a full mortgage appointment with one of our advisers, either in branch or over the phone. The appointment should take around an hour and a half in total. If your appointment is over the phone, the mortgage adviser will call you, so you don't need to worry about costly phone bills. Your mortgage adviser will go through your current income and expenditure to determine exactly how much we can lend you. Although the exact documents required vary from case to case, it is useful to have the following documents to hand: •Your latest payslip •Balances of any savings accounts you have •Details of any credit card debt you may have •Details of any loans you may have •Details of any regular commitments – such as a phone contract or gym membership •Details of any insurance policies you may hold A full credit search will then be completed and you will receive a Decision in Principle (DIP). Some estate agents may require the DIP to be agreed before you put an offer in on a new home. During the second part of the appointment, the mortgage adviser will recommend the best mortgage deal for you based on your personal needs and circumstances. They will issue you with an illustration that outlines the monthly repayments based on your chosen mortgage product. Once you have completed this appointment and know how much you are able to borrow, you can go ahead and make a formal offer to the seller of the house you wish to buy. If there are any fees that are required to be paid up front with your application, you will need to send us a cheque or call us on 0345 606 4488 to pay by card to cover this. Your mortgage adviser will have explained these fees to you during your mortgage appointment. Step Five Once your offer has been accepted on a property, you can then make a full mortgage application to us. At this point of the mortgage process, we will ask you to send us documents to support your application, including: •Bank statements •Payslips •Proof of address •Proof of identity At around the same time as applying for a mortgage, you should choose a solicitor to handle the legal side of buying a home, including drawing up your contract, preparing transfer documents, performing Land Registry searches and making sure everything is legally sound Step Six Once you've put in a full mortgage application with us, the next step is for us to begin processing your application. This will include a valuation being carried out on the property you are buying to ensure that the property is worth what you have agreed to pay for it. Once we've carried out all of our checks, we'll be in touch to make you a mortgage offer. A copy of the offer will also be sent to your solicitor. Once the mortgage application process has been completed, you'll need to sign and exchange contracts, arrange buildings insurance and prepare for the move. You can find more information in our full guide to the house buying process, which covers all of the stages of buying a house, from saving for a deposit to moving in. Your mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.