Santander mortgage for self-employed

curiousalways

Has any one here being a self employed dual application mortgage got a rejection from lender.
my broker told me if we put 25 percent deposit than the chances are 99 percent, after 3 days I got a call from him saying bank needs to see the latest 3 months business statements and if we have taken business grants and if there is no transaction than they might reject the application, but at the same time they took certificate from our accountant at the start of application and now they are asking for projection report for both companies and bank statements.
Unfortunately we have took business grants and were on furlough too, but why will they not approve by looking at the latest company figures.

Has anyone come across this situation if yes was mortgage rejected or approved.

Thank you very much 

ukri

If your company isn’t trading, they will decline. On what basis would they lend with the company not earning dosh.

curiousalways

The company is not trading only because of Covid tier 4 restrictions and it was implied by government but over all it is good and it is working back to normal.
I was curious because they are asking for projection reports too, so may be some one went through this.
Its sad lenders wont see the company making money over the years but only stuck with past three months and rejection.
thank you ...