Why some 5% Mortgage deposit deals get declined
Channel: Niche
Date: 2021-06-17

#5% mortgage Why some First Time Buyer 5% mortgage deals get declined | mortgage rejects with a 5% deposit | The amount of equity when applying for a mortgage has always been pivotal to the decision making of Mortgage Lenders there are however ways of improving the outcome | In this insightful piece Mr Payam Azadi talks about First Time Buyer Mortgages and how high in-debtness can contribute to the mortgage being declined; how "gifted" deposits are viewed in comparison to savings; how previous declines might affect the outcome; the use of the mortgage guarantee scheme to fund the 5 Percent mortgage deposit; job length and many more factors. 

If you want to talk about First Time Buyer 5% mortgage do get in touch with Payam Azadi at Niche Advice https://www.nicheadvice.co.uk/contact...
T:0207 9932044 
www.nicheadvice.co.uk

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY,IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply. Niche Advice are Independent Whole of the Market Mortgage Broker dealing with different types of clients buying properties all across the UK.

Some Buy to let, and commercial mortgages are not regulated by the Financial Conduct Authority.  

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets including some Bridging Loan products.

#5%Mortgage  #5Percentmortgage #DeclinedMortgage