There could be several reasons why your mortgage application was declined but it doesn’t mean you would not be able to get a mortgage at all. Sometimes, lenders will impose limits on borrowing or decline due to the credit score but another lender would still be willing to lend. Check out our blog post 10 Reasons Why A Mortgage Can Be Declined to find out more.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Please note that some mortgages such as commercial BTLs are not regulated by the FCA.
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