Property News · January 27, 2019

Buyer beware! Don’t inflate your income to get a mortgage


It’s one of the things that could lead to a refusal, making it harder to get a future loan Homebuyers have been warned to avoid inflating their income when applying for a mortgage, which can lead to their application being rejected. New figures show that one in six homeowners had been refused a home loan in the past. This crucially can lead to delays in being accepted for another at a later date.Consumer group Which? found the highest number of refusals was in the capital – far higher than the national average – with one in three mortgage holders saying they had been refused in the past. London is followed by the West Midlands. Continue reading…

Source : theguardian.com
Read more…Buyer beware! Don’t inflate your income to get a mortgage

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