There are a few common causes that could lead to your application getting declined, including: It can even just come down to a change in your personal circumstances between getting an AIP mortgage and the final application. If you are declined, you might not be given a definitive reason why. This will always be dependant on them finding nothing significant that could change things between then and your application. It’s only a statement to say how much they might be willing to give you. It’s important to remember that a mortgage that’s been AIP, is not a guarantee from the lender. There’s a strong chance that the lender found something that didn't meet their criteria when searching through your information.Īlways check your information yourself ahead of time, because it’s likely that you can change whatever it is that may cause some lenders to decline your mortgage application. If you do find yourself with a mortgage that gets AIP then declined, it’s likely due to information held on your Credit Report. Unfortunately, for a number of people this feeling doesn’t always last long, as mortgages can still be declined after an Agreement in Principle.ĭon’t worry though, because every lender is different, and getting declined by one mortgage provider doesn’t necessarily mean others will reject your application as well. ![]() It’s a wonderful feeling to get a mortgage Agreed in Principle (AIP) as it brings you that bit closer to bagging your new home.
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