Potential Issues that Can Scupper a Mortgage Application
For many people, getting a mortgage is an important step towards home ownership. However, lenders will scrutinise applications carefully, and there are several issues that could potentially ruin your chances of being accepted. Being aware of these pitfalls can help you avoid them when applying.
Poor Credit HistoryOne of the biggest obstacles is having a poor credit history. Lenders will check your credit file and look for any late repayments, missed payments, defaults, CCJs or bankruptcy. Even one or two minor blips could ring alarm bells, as it suggests you may struggle with...