11/10/2023 0 Comments Agreement in principle form![]() ![]() There’s a chance they might not tell you, but it’s worth asking, if Mojo is your broker, we’ll do everything we can to get you the full story about your rejection. If it’s the former, it’s worth trying to find out from the lender directly why you were declined. Have you given different information at AIP and application stage?Īdditionally, it’s possible that you don’t meet lender-specific criteria, or that the credit reference agency that provided your AIP is different from the one that the lender uses at application stage.Are you associated with anyone with credit problems?.Have you had any missed payments? Often these won’t show up to the lender before underwriting.Have you taken out a new form of credit since you got a AIP? – This is a common one.Has your income gone down, or have your outgoings gone up?.There are a number of reasons your mortgage application was declined after your DIP: Yes, but don’t panic! You still have a few options if your mortgage application is rejected after getting a decision in principle. Can your mortgage be declined after an Agreement in Principle? ![]()
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