Buy to Let Mortgages

finance

When you make a mortgage application, the lender will review your application following their criteria.

Many mortgage lenders have their own online calculators that indicate the amount you can borrow depending on your income.

Mortgage Advisor

Mortgage Advisor

When it comes to rejecting or approving mortgage applications, lenders adhere to guidelines in handbooks hundreds of pages long.

Mortgage Broker

They will analyse your outgoings, reviewing your outstanding debts to evaluate if they believe you’ll be in a position to afford the loan you’re applying for in addition to the current payments you are making.

Business Services

Business Services

Errors. This is one of the most frequent and preventable reasons to get your mortgage application declined.

Mortgage Broker Leeds

Loan

Every lender has their own procedures depending on the kind of loan you’re seeking, so there are factors that would make your application get rejected by one lender, but not another.

Credit Report
Credit Report

I believe the aforementioned guide has provided you with enough clarity about your situation compared to your loan rejection letter.