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Santander Mortgage Declined
Alara
Posts: 6 Forumite
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.
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.
0
Comments
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It means you wont be getting a mortgage with Santander - go back to your broker, or if you went direct go find a broker.0
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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.0 -
What does FCO decline Means?0
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What does FCO decline Means?
Complete guess here, but maybe failed criteria? Why did your broker approach Santander?I am a Mortgage Broker.
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 -
Better rate with them0
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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.I am a Mortgage Broker.
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 -
did you get your broker with the Estate Agent?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
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?I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0 -
Its an independent MA but it works with same astate agent as well0
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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?0
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