What to do if you have been declined for a mortgage

  1. mortgage declined, mortgage application

Firstly if you have been declined it is important to remember there is a lot of options left for you. Whether you have been declined for your credit history, income or even deposit levels there is always something we can do to help.

With any kind of bad credit history, there is now a large number of specialist lenders now in the market that will take this into account. This means there are still options available to get back on the property ladder. If you would like more information on this click here.

Also if it is due to income or deposit, there are different schemes available that the government offer that gives you the ability to receive either a deposit increase as a loan from the government. Or buy a smaller percentage of the property for a lower amount.

Another reason you could have been declined is due to the way you work. Whether it be self-employed or as a contractor there is a wide range of options available to you. Even if you only have 1 years accounts being self-employed or only 6 months left on your contract there may be something available for you.

If this is something that has happened to you and you need our help, give us a call on freephone 0800 103 2655 or 01332 821 340. Alternatively, fill in the form to the side of the page and we will get in touch with you.