Declined Mortgage - Help!

jamesm5094

my broker submitted a mortgage application to HSBC on 14th May, I am employed still being paid full as am key worker and my partner is self employed. a valuation was done on 22nd May, a week my mortgage broker sent me questions HsBC was asking, one question was if my partner had ceased trading due to coronavirus, now me taking it in the wrong context thought they meant had she stopped trading due to coronavirus but would start up again.....so I said yes. The mortgage broker sent this to HSBC and they think she has completely shut the business down for good and have declined the mortgage as they are only taking into account my pay and I can’t lend enough on my own. 

Have spoke to my mortgage broker and he is appealing it and trying to tell them that there has been confusion and she only stopped trading due to coronavirus and is going to start up again when possible. 

Does anyone think HSBC will change there mind? What’s the likely hood of winning the appeal? I need it to be with HSBC as they are only ones currently doing 10% deposits. 

Thrugelmir

Insufficient information to comment. As the nature of the trade will certainly weigh heavily on any decision. 

jamesm5094

I work on railway and my partner is a nail technician from home, she started getting the full amount of maternity allowance as from April and that lasts until January so that’s guaranteed income.