What Should I Do If My Mortgage Application Is Declined?

There are several reasons why a mortgage application might be declined, so one of the first things you will need to do is find out why. Too many mortgage applications can be detrimental to the success of an application. You will need to check that you are on the electoral role, as well as review your credit history, employment history and affordability. If you have any debt, look into clearing as much of it off as possible and reduce the number of financial commitments you have, such as gym memberships, as these can all affect your affordability. If you are worried about any aspect of your application then speak to your mortgage or financial advisor.

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