Santander Mortgage Declined

Alara

Hi,
After 3 weeks of waiting Santander declined our mortgage. Reason of the decision says

Head offive review Failed
FCO decline

What does this really mean? My MA doesnt give me a clear answer and I had to log in to intermediates to see this information.

foxy-stoat

It means you wont be getting a mortgage with Santander - go back to your broker, or if you went direct go find a broker.

Alara

Hi
After 3 weeks of waiting,Santander declined our mortgage.
My MA dosnt give a clear answer but I have loged in to santander intermediates and the reason for decison says;

Head office review Failed
FCO Decline

What does this means?
Can someone please give me a clear answer. Thanks for your time.

Alara

What does FCO decline Means?

Neutrinno

Alara wrote: »

What does FCO decline Means?

Complete guess here, but maybe failed criteria? Why did your broker approach Santander?

Alara

Better rate with them

Neutrinno

Alara wrote: »

Better rate with them

Your mortgage adviser should be able to get a clear reason on why you have been declined, whether this is down to credit score, affordability, failed criteria etc. Maybe worth asking again, he will need to get in touch with them. Maybe it is something simple that can be amended or your broker may need to see what's gone wrong and consider alternative lenders.

csgohan4

did you get your broker with the Estate Agent?

enthusiasticsaver

It sounds like you have failed the lending criteria for Santander. Did you provide all the income evidence requested and do you meet affordability criteria? Income multiples and little to no other debt?

Alara

Its an independent MA but it works with same astate agent as well

Alara

Yes I did provide every document they have asked for.
I still didnt get what does

FCO decline

means? Anyone knows what exactly it means?