Mortgage Declined

A mortgage decline can occur for various reasons, from issues with credit history to problems with income verification or debt levels. When a mortgage application is denied, it can be disappointing, but understanding the reasons behind the decision can help you address any issues and improve your chances in the future.

Lenders have specific criteria that need to be met, including credit scores, affordability assessments, and employment stability. If your mortgage is declined, there are steps you can take to improve your financial profile and reapply successfully.

Why was my mortgage application declined?

Common reasons for mortgage denial include poor credit history, insufficient income, high levels of debt, or not meeting the lender’s affordability criteria. It’s important to check your credit report and ensure all documents are in order.

What should I do if my mortgage is declined?

If your mortgage is declined, review the reason provided by the lender, check your credit report for errors, and consider improving your financial situation. You can also explore other lenders with different criteria.

Can I reapply after my mortgage was declined?

Yes, you can reapply after addressing the issues that led to the decline. It’s a good idea to seek advice from a mortgage broker who can guide you to lenders with criteria that better match your financial situation.

Expert Mortgage Advisors

Get Your Free Quote

We've helped 1,000's of borrowers get the perfect mortgage. Submit your details and we'll match you with an expert who will search over 100 lenders to help find you the right mortgage. It's free & doesn't effect your credit score.

Mortgage Declined Due to Bank Statements
Mortgage Declined
LendingLine Team

Mortgage Declined Due to Bank Statements

Was your mortgage application declined due to problems related to your bank statements? This short guide explains what you need to know and do.

How Long To Wait After Mortgage Declined
Mortgage Declined
LendingLine Team

How Long To Wait After Mortgage Declined

Has your mortgage application been declined, and are you worried about when you can reapply? This short article covers the essentials you need to know.

Offer Accepted On House But Mortgage Declined
Mortgage Declined
LendingLine Team

Offer Accepted On House But Mortgage Declined

Buying a house requires multiple levels of negotiations between the buyer and the seller before they can come to an agreement. However, buyers also need to start the mortgage approval process during these negotiations, as it is usually complex and can take quite some time.  Also, there’s the risk of the mortgage being declined during

Mortgage Declined Before Completion
Mortgage Declined
LendingLine Team

Mortgage Declined Before Completion

Devastated because your mortgage was declined before completion? Don’t worry; go through our guide to know what to do next.

Mortgage Declined After Valuation
Mortgage Declined
LendingLine Team

Mortgage Declined After Valuation

Confused about why your mortgage was declined after valuation and what to do next? This short guide can help you understand what you need to know to get back on track.

Mortgage Declined Due To Late Payment
Bad Credit Mortgages
LendingLine Team

Mortgage Declined Due To Late Payment

Not sure how to proceed after your mortgage application got declined due to previous late payments? Keep reading to understand why it happened and how you can deal with it!