Mortgage declined
Mortgage declined? Let's look at what happened.
Being declined is unsettling, particularly if you were not told why. Lenders assess applications differently, so a decline from one does not mean every lender would reach the same conclusion. The first step is understanding what happened.
Who this is for
- You have had a mortgage application declined
- You have missed payments on your record
- You have a default or a CCJ
- Your income is unusual and has been misread
- You have been told your credit file is the problem but not why
How we help.
Working out what went wrong
We go through your credit file and the application with you. Sometimes the issue is credit history, sometimes it is how income was presented, and sometimes it is a criteria mismatch.
Looking at lenders who consider adverse credit
We work with lenders who look at adverse credit. Their criteria vary, and the age and size of an issue often matters more than the fact it exists.
Being straight with you
If applying now is unlikely to work, we will say so and explain what might change that. We would rather be honest than send in an application that fails.
Worth knowing
before you start.
- Multiple applications in a short period can affect your credit file. It is worth pausing before trying again.
- A default or CCJ does not automatically rule out a mortgage, but it does narrow the options.
- Rates and terms available with adverse credit are usually different to standard lending.
- No broker can guarantee that a lender will approve an application.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.
What happens next
Start with a conversation.
Tell us what you are planning. We will explain the options, tell you what we need, and aim to come back to you the same day.
Common questions
Often, yes. Lenders assess applications differently and we work with lenders who look at adverse credit. We start by understanding why the decline happened.
No broker can promise that. What we can do is look at your circumstances honestly, explain what is realistic and approach lenders whose criteria may fit.
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Let's talk about
your mortgage.
Tell us what you're planning. We'll explain what happens next and aim to come back to you the same day.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.