Getting a mortgage declined can feel like a door has been slammed shut—but it doesn’t have to mean the end of your homeownership journey. Whether it’s your first application or you’re switching deals, understanding why it happened (and what to do next) is key.
In this guide, we’ll explain the common reasons lenders say no and how to turn things around with the right advice.
🚫 Why Mortgages Get Declined
Lenders all have their own risk appetite, and your application might not meet their criteria. Some common reasons include:
- Poor credit history – Missed payments, defaults, or CCJs can spook some lenders.
- Low deposit – A smaller deposit might make you appear riskier.
- High debt-to-income ratio – Too much debt compared to your income raises red flags.
- Unusual income – If you’re self-employed, work freelance, or earn bonuses/commission, some lenders may struggle to assess your affordability.
- Recent changes in employment – Just started a new job? Some lenders want to see stability.
- Errors in your application – Typos or missing details can lead to an outright rejection.
🔍 What to Do After a Mortgage is Refused
- Find out why
Always ask the lender or broker for the exact reason. This will guide your next move. - Check your credit report
Errors or outdated data can harm your application. Use services like Experian, Equifax, or TransUnion to get a full picture. - Avoid applying again straight away
Multiple failed applications in a short time can hurt your credit score further. Take a breath and regroup. - Speak to a mortgage broker
A broker who specialises in declined cases can help match you to lenders more suited to your circumstances—and avoid further damage to your credit file.
🧠 Can You Reapply Elsewhere?
Yes. Just because one lender said no doesn’t mean others will too. Many lenders are more flexible—especially those who understand complex or non-standard cases. You may just need the right introduction.
Some specialise in:
- Self-employed applicants
- Adverse credit histories
- Low deposits
- Contractors or gig economy workers
- Unusual properties
✅ How to Improve Your Chances
- Build your credit score
- Pay down debts
- Save for a larger deposit
- Avoid payday loans
- Register on the electoral roll
- Use a broker who knows which lenders say yes to people like you
🗣️ Speak to a Mortgage Advisor Who Gets It
Being declined isn’t the end. We’ll connect you with an expert mortgage advisor who can help you:
✅ Understand what went wrong
✅ Fix the issues where possible
✅ Find a lender who will say yes
Speak to the specialist here – Enquire Here