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Mortgage Application Declined? What to Do When the Bank Says No | Episode 537
Description
A no from the bank doesn’t always mean you can’t borrow.
We break down what happens when a mortgage application is declined, from specialist and second-tier lenders to full doc, alt doc and no doc loans, why some borrowers pay significantly higher interest rates, and the importance of having a clear exit strategy back to a main bank.
Next Steps: If the bank has said no to your mortgage, it doesn’t necessarily mean you’re out of options - get in touch with the Lighthouse mortgage team to talk through your situation and what other lending options could be available.
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The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.