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The number of individuals whose name will be on the mortgage. The personal details of each individual will need to be checked by the lender. If there is a guarantor involved then this could mean that there may be 3 names on the mortgage.
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Are you or any parties on the mortgage self employed? The mortgage company will often need to see accounts and bank statements for the business.
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What is your Credit History? If you have had little or no credit in the past or if you have had problems repaying previous credit then the bank may wish to carry out more detailed checks.
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It is advisable to continue to communicate with your lender as much as possible to speed up the process. Once the lender has completed all their checks they will send you a formal letter that will be issued to your solicitor to confirm that you have the funds to purchase the property
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