Buying a home should be an exciting milestone, but for many people it becomes overwhelming when things do not go as planned. Recently, a new client came to me after being advised to withdraw from their home purchase because their previous mortgage broker could not find a solution. They were understandably upset, as they felt this meant their dream of owning the property was over.
Instead of giving up, they decided to reach out for a second opinion.
Looking Beyond the First Answer
After gathering the facts and assessing their affordability, I reviewed the whole market. Sometimes a scenario simply does not fit one lender’s criteria, but that does not mean all lenders will take the same view.
In this case, there were a couple of complexities that needed a more detailed review by an underwriter. By speaking directly with one of the leading lenders and presenting the full picture clearly, we were able to secure a mortgage that worked.
Their application was approved, the offer was issued, and their purchase is now progressing.
Why This Matters
It is very easy for buyers to lose hope when obstacles appear. A decline or negative message from one lender can feel final. The truth is, every lender is different. Policy, criteria and risk appetite vary hugely across the market.
That is why independent advice is so important. A whole of market broker will:
- Consider a wide range of lender policies
- Understand which lenders are flexible in specific scenarios
- Speak directly with decision makers where needed
- Look at the human story behind the numbers
Buying a home is not always straightforward, but solutions often exist if someone is willing to look harder.
Do Not Give Up on Your Property Dreams
If you have been advised that your mortgage cannot proceed, it might only mean that the first route was not the right one. A second opinion could change everything.
If you would like to talk through your situation, even just for clarity and reassurance, please feel free to get in touch. A conversation costs nothing and it might make all the difference.
Your Home (Or Property) May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage. Some Forms Of Buy To Let Mortgages Are Not Regulated By The Financial Conduct Authority. A Fee May Be Charged For Mortgage Advice.
