Your Bank Doesn't Get the Last Say on Your Mortgage Application

I worked with a family last year that comes to mind often. The couple had found a house they had fallen in love with, and after crunching the figures online and plucking up the courage, they booked an in-person appointment with their bank.

As first-time buyers, they were naturally nervous about the process and didn't know what to expect. Unfortunately, their first experience didn't go well. They didn't meet the lender's affordability criteria, and since Mr. had just started a new employment role, this didn't meet the bank's mortgage requirements.

The pair called it a day and assumed "it wasn't meant to be." After speaking with one of our previous clients, they were referred to us to see if we could help.

After our initial call, we were able to check their mortgage affordability against a wide panel of providers (they fit with several), and we identified numerous mortgage providers that could take on their application despite the recent career change.

The moral of the story? Mortgages are not one-size-fits-all. Each mortgage provider will have different amounts they could potentially offer for your circumstances, and every lender will have different criteria when it comes to things like employment, the property you wish to buy, age restrictions, credit score implications, and so much more.

The clients could have called it a day at the first knockback, and I assume many people do, but this is where working with an experienced and knowledgeable team of mortgage advisors can help. It's our job, day in and day out, to find the right mortgage for each client who turns up at our... Zoom call.

Your Bank's "No" Isn't The End Of Your Mortgage Journey 🏦

"We can't help you." Those four words from your bank can feel like your homeownership dreams crashing down. But here's what I want you to know - it's just the beginning of your journey. Let me share a real story that might sound familiar...

💭 A Real Family's Journey

Last month, I met a couple who thought their dream home had slipped through their fingers. After finding their perfect property, they did what most people do - went straight to their bank. But their excitement quickly turned to disappointment.

The bank's verdict? "Sorry, you don't meet our criteria." The reason? A recent job change and their affordability calculations didn't quite fit the bank's rigid box of requirements.

🔄 The Turn Around

Here's where it gets interesting. Instead of giving up (which many do), they reached out to us through a friend's recommendation. Within our first conversation, we discovered something fascinating - while their bank said no, several other lenders were actually eager to help!

Why? Because we had access to:

• Multiple lenders with different criteria

• Specialist providers who understand career changes

• More flexible affordability calculations

• Alternative ways to assess your application

✨ The Happy Ending

Today, that same couple has the keys to their dream home. The mortgage? Better terms than they initially hoped for!

🎯 The Important Lesson

Your bank only knows their own products. They can't (and won't) tell you about:

• Other lenders who might say yes

• Different ways to structure your application

• Special first-time buyer schemes

• Flexible criteria for career changers

💡 What This Means For You

If you've faced a rejection, don't let it be the end of your story. As an independent mortgage advisor, I see this scenario play out regularly - what's a "no" from one lender is often a "yes" from another.

Ready to explore your options?

Let's chat about your situation. Sometimes, all it takes is looking at your application through a different lens to turn that "no" into a "yes."

📞 Book a free consultation today - because your bank's opinion is just one of many.

Note - Your home may be repossessed if you do not keep up with your mortgage payments.