The help-to-buy mortgage scheme is designed to help more people get on the property ladder, so it can be frustrating if you are turned down. If a lender turns down your application, this will prevent the sale from going ahead and you could lose out on your dream home. Such as the help to buy equity loan being declined. The good news is that being rejected by one lender does not mean that all lenders will reject you. Often, you just need to find the right lender with the right approach to help put your dreams of owning a home back on track.
The pool of lenders that will deal with help to buy applications is smaller, but by working with Niche Mortgage Info, you’ll have access to valuable insight for all of them. This means you could be in with a better chance of securing a mortgage by working with the right broker.
Our brokers have experience dealing with many unique and challenging mortgage applications. There may be a difficulty with your application that even you aren’t aware of. Our team will help to dig out these issues to put you in the best possible position. This includes:
There are more serious credit report issues that can make it more difficult to secure a help-to-buy mortgage. These include:
There are also common issues with the type of property you would like to purchase. A less experienced broker, or working without a broker, can lead you to apply to the wrong lender. Some lenders will not consider: