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should I try a broker
engleby
Posts: 44 Forumite
If my lender refuses a mortgage application its currently with underwriters would it be worth considering trying a broker
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Comments
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Depends on the reason why they decline you.
If you can fix it, do so before re-applying.
If you can't, then whether it is something specific that your particular lender doesn't like but other lenders might, could be known by brokers.0 -
If my lender refuses a mortgage application its currently with underwriters would it be worth considering trying a broker
Definitely no harm in tryingI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
A broker will have a good idea where to place it, but with most lenders these days, you are more likely to get accepted going to them direct, rather than via a brokerI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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once one application is refused is there a period of time I should wait before re applying to anyone0
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If your application is refused, see a broker with a copy of your current credit file, don't start to make random applications with different lenders as that will harm your credit profile.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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