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2nd time lucky


What's people's experience after being declined for a mortgage of then being successful with another lender?? 

Comments

  • K_S
    K_S Posts: 6,908 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 13 May 2021 at 6:00AM
    Debs757 said:
    What's people's experience after being declined for a mortgage of then being successful with another lender?? 
    @debs757 Very common. Just the fact that you have been declined and have a hard check on your report rarely has a significant impact on future applications. The reason for the decline is what's important.
    7 times out of 10, when I get clients who have been declined elsewhere (direct or with another broker) it's down to the case being placed wrongly or packaged wrongly. The remaining times it's a fundamental issue with the circumstances itself which is often harder to rectify or place.

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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