Posted Date: 4/11/2025
Even when your personal finances are in order, your mortgage application can be declined if the property itself doesn’t meet the lender’s criteria. Factors such as unusual construction types, structural concerns, or a lower-than-expected valuation can impact a lender’s decision.
Understanding Property-Related Declines
Lenders want to ensure that the property provides sufficient security for the mortgage. Non-standard construction, significant repairs needed, or concerns raised in a valuation report can lead to a declined application. This doesn’t mean the property isn’t suitable for purchase, it just may not meet specific lender requirements.
Moving Forward
If a property-related issue caused the decline, options include:
- Obtaining a detailed survey to address or clarify structural concerns.
- Considering alternative lenders who may accept properties with certain characteristics.
At Muuvin Mortgages & Protection, we offer no-obligation calls to review your application and the property details to help understand why a decline may have occurred. You can also view more information about property considerations on our dedicated page: When the Broker Says No.
Can I still get a mortgage if the property has unusual features?
Yes, specialist lenders may consider properties outside standard criteria.
What is a mortgage valuation?
It’s an assessment of the property’s value and condition to ensure it provides adequate security for the loan.
Will addressing survey concerns help?
Providing additional reports or evidence can sometimes support a successful application with a suitable lender.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
This article is for general information only and should not be taken as advice. Mortgage applications are subject to status and lender criteria. The information provided is correct as of the date it was posted and may be subject to change without notice.
