Mortgage Decision Sheet

A practical worksheet from TLA Finance

Print this page, or use your browser’s Print option to save it as a PDF. Complete it on paper or keep your answers separately. There is no submission form on this page: it does not send your financial information to TLA Finance.

1. Your plans and budget

Buying, moving or remortgaging?	________________________________
Target purchase or switch date	________________________________
Property price / estimated value	£_______________________________
Deposit / equity available	£_______________________________
Borrowing required / term	£________________ / ______ years
Comfortable monthly payment	£_______________________________
Cash left after costs and deposit	£_______________________________
Likely move, income change or large overpayment	________________________________

2. Compare on the same basis

Use the same borrowing, repayment basis, term and comparison period. Obtain figures from the lender illustration or adviser. If fees are added to borrowing, include their interest and the higher balance; do not count the same fee twice.

Cost check: payments plus upfront fees, less incentives, less principal repaid = interest and fees over the comparison period. This assumes all other costs are included consistently. It is not the same as total lifetime mortgage cost. Record costs of leaving an existing deal separately and include them where applicable.

3. Evidence checklist

Mark each item ready, needed or not applicable. The lender may request other documents.

• Identification and address evidence: ____________________
• Income evidence appropriate to employment or business: ____________________
• Bank statements and regular commitments: ____________________
• Deposit source / gifted deposit information: ____________________
• Current mortgage statement, deal end date and exit charges: ____________________
• Credit history needing explanation: ____________________
• Property, lease or building issues: ____________________

4. Questions before choosing

1. What makes this option suitable for my plans? ____________________
2. What happens if I need to move or repay early? ____________________
3. Could I afford a higher payment when this deal ends? ____________________
4. What fees are refundable if the purchase does not proceed? ____________________
5. What still needs checking before I commit? ____________________

Keep completed worksheets private. Do not email bank statements, identity documents or other sensitive information through an insecure channel. Use the secure process agreed with your adviser.

General planning aid, not personal advice or confirmation of eligibility. Products, fees and lender criteria vary. Your home may be repossessed if you do not keep up repayments on your mortgage.

Prepared by TLA Finance. Updated 3 November 2026.