Mortgage declined twice with no reason given

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When multiple lenders decline after the valuation stage it often indicates the issue may be property related rather than borrower related.

Lenders sometimes use the phrase “outside risk appetite” where the valuer has flagged something about the property that doesn’t meet their lending policy, for example certain flat types, lease length, construction type or resale concerns.

If both Leeds and Barclays declined after valuation, it may be worth asking your broker whether the surveyor comments highlighted anything about the property itself. That can sometimes explain why lenders with otherwise similar criteria reach the same decision.

Bulbs_23

I don’t feel it’s anything to do with your credit etc, I think it’s more to do with your guaranteed income and the amount your trying to borrow.

You’ll probably know a AIP is a soft credit search so they’re kind of ok.

I’m with Barclays and do remember when budging around with figures we couldn’t borrow as much as we thought. Worked out as 4x salary for us- lots go into account too, especially existing debt too.

Bulbs_23

not existing sorry - outstanding debt. Even if it’s paid on time, it’s still counted as something owed therefore increasing the risk.

Lenders look at all risk factors.

My mate had a tiny issue with her credit file ( I know you don’t) and couldn’t get a mortgage which she needed desperately due to a divorce but managed to secure one through a trusted broker