Reasons Your Buy to Let Mortgage Gets REJECTED!
There are number of reasons why your BTL mortgage application was rejected and today we’ll find out! Watch the entire video because I’d also be sharing some tips to help you find the way out from a declined buy to let mortgage application. Enjoy watching and please let me know if you have any suggestions to what I should film for my next videos!
📚 Property Course: www.Ravinderaujla.com
Timestamps:
00:00 - Introduction: Reasons your BTL mortgage application was rejected
00:07 - Reason #1: Income and affordability
00:55 - Reason #2: Market conditions
01:58 - Reason #3: Property is downvalued
02:15 - Reason #4: Monthly repayment requirements
02:38 - Reason #5: Poor credit score
03:14 - Reason #6: Total debt outstanding
03:27 - Reason #7: Age
03:41 - Reason #8: Houses of multiple occupations
03:54 - Reason #9: Incorrect information
04:07 - Reason #10: Not registered to vote
04:21 - Reason #11: Too highly leveraged