![]() If you are not on the voters roll the lender cannot see electronically your address history, again this could be another reason why you have a lower score. If you have no recent or current active credit this could result in a lower score, additionally if you have had bad credit registered such as missed payments, defaults, or CCJ’s this will have a bigger impact on your score. Your credit score is dependent upon many factors such as your history of being able to manage credit (such as loans &/or credit cards). Credit Score – High street lenders have a credit score threshold that you need to pass to be considered suitable, however this is only one part of their overall decision making whether to approve you for a mortgage.Why would a mortgage be declined?Įvery application is different, however one thing all applications have in common is that they need to pass the lenders criteria and underwriting checks.Ĭommon reasons why people get a declined mortgage decision is due to: ![]() Joint Borrower Sole Proprietor Mortgagesīuying or remortgaging a property can be a stressful time, but if your mortgage application is then declined, what do you do next? Here we walk you through why applications are declined and what options you have to still secure a mortgage.Arranging a Mortgage for a Flat above a Shop.
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