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  • Writer's pictureMatthew Pigrome

Overcoming a Declined Mortgage Application: A Guide to Affordability

Having a mortgage declined on affordability grounds can be disheartening, but it's crucial to remember that it's not the end of your homeownership journey.

At Mortgage321, we're here to help you understand why your application may have been rejected and guide you through the steps to boost your chances of securing the finance you need. In this comprehensive guide, you'll discover what to do if your mortgage has been declined due to affordability, how to find a lender who's more likely to approve you based on your income and expenses, and the invaluable assistance a mortgage broker can provide in this situation.

our Guide to Overcoming Mortgage Rejections on Affordability Grounds

Don't Lose Hope:

First and foremost, don't lose hope if your mortgage application was declined on affordability grounds. Different lenders have varying criteria for assessing affordability, so being declined by one doesn't mean others will follow suit.

Here's what you should do to enhance your chances of still obtaining the financing you require:

  • Don't re-apply immediately: Rushing to another lender could harm your credit report. Too many applications in a short span can reflect negatively on your credit, potentially affecting future applications.

Why Affordability Checks Matter:

Understanding why your mortgage application was declined based on affordability is essential. Here are some common reasons:

  • Insufficient income: Your income may not meet the lender's income multiples for the mortgage you seek. Some lenders offer higher income multiples, providing you with more options.

  • High outgoings: Mortgage lenders consider your debt-to-income ratio, impacting your borrowing capacity. While there's no set percentage, different lenders have varying policies on this.

  • Unrecognised income sources: Some lenders may not accept all your income sources, such as bonuses, commission, benefits, or rental income. However, others are more flexible in this regard.

  • Sustainability concerns: Lenders assess not only your current finances but also potential changes in your circumstances. If they believe you might struggle with future interest rate hikes, they may decline your application.

Seek Expert Advice:

If your mortgage application has been declined, especially if you've had multiple rejections or your income sources are diverse, it's crucial to seek expert advice promptly. Our team at Mortgage321 can connect you with a mortgage lender specialising in securing applications that have faced previous declines. They'll assess your situation and help you explore your options, including potential appeals or finding a lender better suited to your circumstances.


Don't let a declined mortgage application deter you from your homeownership goals. Understanding the reasons behind the rejection and seeking professional advice can make all the difference.

At Mortgage321, we're committed to helping you navigate this challenging situation and guide you toward a successful mortgage application. Contact us today on 01255 440142 or WhatsApp +447851856721 to take the next steps toward securing your dream home.


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