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Mortgage declined, how successful are appeals ?

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  • Missrcj
    Missrcj Posts: 19 Forumite
    Seventh Anniversary 10 Posts
    TheJP said:
    Im going to simplify. You have bad credit, missed payments and have a small deposit. 
    I mean, I really didn't need that patronising comment. I know that.  But I've been paying someone else's rent for over 25 years. I would like to try and pay my own. 
     
  • freesha
    freesha Posts: 430 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Missrcj said:
    TheJP said:
    Im going to simplify. You have bad credit, missed payments and have a small deposit. 
    I mean, I really didn't need that patronising comment. I know that.  But I've been paying someone else's rent for over 25 years. I would like to try and pay my own. 
     
    That was silly, paying someone else's rent!
  • Missrcj
    Missrcj Posts: 19 Forumite
    Seventh Anniversary 10 Posts
    freesha said:
    Missrcj said:
    TheJP said:
    Im going to simplify. You have bad credit, missed payments and have a small deposit. 
    I mean, I really didn't need that patronising comment. I know that.  But I've been paying someone else's rent for over 25 years. I would like to try and pay my own. 
     
    That was silly, paying someone else's rent!
    freesha said:
    Missrcj said:
    TheJP said:
    Im going to simplify. You have bad credit, missed payments and have a small deposit. 
    I mean, I really didn't need that patronising comment. I know that.  But I've been paying someone else's rent for over 25 years. I would like to try and pay my own. 
     
    That was silly, paying someone else's rent!
     😂To be honest that's the kind of thing I would do I'm that confused about money 
  • TheJP
    TheJP Posts: 1,962 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Missrcj said:
    TheJP said:
    Im going to simplify. You have bad credit, missed payments and have a small deposit. 
    I mean, I really didn't need that patronising comment. I know that.  But I've been paying someone else's rent for over 25 years. I would like to try and pay my own. 
     
    Not trying to patronise you, you have been declined a mortgage because you have bad credit, have missed payments and have a small deposit. Those are all critical parts regarding the affordability checks lenders are bound by law to adhere to. Appealing would be a waste of your time. Focus on strengthening your credit, dont miss payments and save more for a bigger deposit.
  • jazzyja
    jazzyja Posts: 400 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    edited 12 June at 10:52PM
    You need a bigger deposit and a better mortgage broker. 
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