Hi all
Looking for some advice....today wasn't the greatest so be gentle!!!
My mortgage application was declined by skip ton because of my overdraft usage- which is now cleared and my parents gifting my deposit!
I have recently used my savings to clear my debt and for fees.
I had a 20% deposit and was looking to borrow 60k. I earn 27k
My broker is going to speak to his bdm, and try other lenders however I doubt we have much time as the house I was going to buy is a repo n the firm are already being really forceful to complete.
What's your thoughts? Should I try again or cut my loses n try in 6 months time?
Thanks
Looking for some advice....today wasn't the greatest so be gentle!!!
My mortgage application was declined by skip ton because of my overdraft usage- which is now cleared and my parents gifting my deposit!
I have recently used my savings to clear my debt and for fees.
I had a 20% deposit and was looking to borrow 60k. I earn 27k
My broker is going to speak to his bdm, and try other lenders however I doubt we have much time as the house I was going to buy is a repo n the firm are already being really forceful to complete.
What's your thoughts? Should I try again or cut my loses n try in 6 months time?
Thanks