What Do You Need To Get a Mortgage in Leeds?

If you’re looking to buy a home in Leeds, it’s important to understand what mortgage lenders are looking for before you apply. Whether you’re a first time buyer or moving home, being well prepared can make the process smoother and help improve your chances of securing a mortgage offer.

At Leedsmoneyman, our mortgage advisors work with customers across a wide range of circumstances. From income and credit history to deposit size and ID checks, we’ll explain what’s required and guide you through each step.

Mortgage Deposit

The amount of deposit you’ll need for a mortgage in Leeds usually depends on the type of mortgage you’re applying for and your personal circumstances. In most cases, you’ll need at least 5% of the property’s value as a minimum. So, for a home worth £200,000, that would mean a deposit of £10,000.

If you’re able to put down a larger deposit, such as 10% or more, this can often give you access to better mortgage deals with lower interest rates. A bigger deposit reduces the risk for the lender, which can also increase your chances of being approved.

Many first time buyers in Leeds receive help with their deposit from family in the form of a gifted deposit. If that’s something you’re considering, your mortgage advisor will explain how this works and what documentation is needed to satisfy the lender.

Documents

When applying for a mortgage in Leeds, you’ll need to provide a range of documents to verify your identity, income, and financial history. These checks help the lender make sure you can afford the mortgage and meet their criteria.

You’ll usually need to provide proof of ID, such as a valid passport or driving licence, along with proof of your current address. Lenders will also ask for recent bank statements and payslips, or tax calculations if you’re self-employed. These help to show how your income is earned and how you manage your spending.

Other documents may be required depending on your situation. For example, if you’re using a gifted deposit, your lender will want confirmation that the money is a gift and not a loan. Your mortgage advisor in Leeds will let you know exactly what’s needed and help you prepare everything before you apply.

Credit Score

Your credit score gives lenders an idea of how you’ve managed credit in the past. When you apply for a mortgage, your credit history will be reviewed as part of the application process. A stronger credit score can improve your chances of being approved and may give you access to a wider choice of mortgage deals.

That said, having a lower score doesn’t always mean you’ll be declined. Some lenders are more flexible and may still consider your application, especially if other parts of your finances are in good shape. Your mortgage advisor in Leeds will look at your credit profile and help match you with a lender that suits your situation.

If you’re unsure about your score or think it needs work, it’s worth checking your credit file before applying. Your advisor can also offer tips on how to strengthen your credit before moving forward with your mortgage.

Income

Your income is one of the most important factors when applying for a mortgage in Leeds. Lenders will assess how much you earn and whether your income is stable enough to support the monthly repayments. This includes checking your employment status, how you’re paid, and any additional sources of income.

If you’re employed, you’ll usually need to provide recent payslips and sometimes a P60. If you’re self employed in Leeds, lenders will want to see tax calculations and evidence of income over the last two or more years. Some lenders may also consider income from benefits, bonuses, or rental properties, depending on the details.

Your mortgage advisor will help you work out how much you may be able to borrow based on your income and which lenders are most likely to accept your application.

Support From a Mortgage Advisor

Applying for a mortgage can feel overwhelming, especially if it’s your first time or your circumstances are a little more complex. That’s where our mortgage advisors in Leeds can make a real difference. We’ll explain exactly what you need for your mortgage application, check how much you could borrow, and find a deal that suits your situation.

At Leedsmoneyman, we work with a wide range of lenders and understand how their criteria can vary. Whether you’re buying your first home, moving house, or looking for a better deal, we’re here to guide you every step of the way.

From preparing your documents to securing your mortgage offer, you’ll have expert support from start to finish.

Date Last Edited: July 18, 2025