16 mar Why has my home loan been declined?

Why has my home loan been declined?

Our faq's page will allow you to get the important information about your TSB mortgage.

YOUR HOUSE CAN BE REPOSSESSED IF YOU DON'T CARRY ON WITH REPAYMENTS ON YOUR OWN MORTGAGE.

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Getting your application for a home loan declined can be a tremendously hard and stressful experience. But, there are numerous factors why this could have taken place so we want to allow you to comprehend a few of the reasons you where possible behind it, and to help.

So that you can provide for you, we provide a credit history, making use of three kinds of information:

  • The main points you offered us on the form
  • The way you've managed some other loans, credit or records
  • Information from the credit reference agency that is national

We then make use of this rating to evaluate the probability of you having the ability to meet with the home loan repayments, because it aids in our choice as to whether the job is going ahead. It can also help ensure that all applications are addressed in precisely the way that is same to ensure that all our clients are handled impartially. We additionally constantly look at the precision of our systems.

Should your funds are associated with somebody else, this might additionally impact your credit rating.

Here are some types of steps you can take to keep up or boost your credit rating:

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