Over half of borrowers rejected because the mortgage industry is ‘not fit for purpose’

Home/Blog/Over half of borrowers rejected because the mortgage industry is ‘not fit for purpose’
  • Advertiser Disclosure

    You’re our first priority.
    Every time.

    We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

    So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

  • Over half of borrowers rejected because the mortgage industry is ‘not fit for purpose’
    Over half of borrowers rejected because the mortgage industry is ‘not fit for purpose’

    The mortgage industry is failing to keep up with modern borrowers, according to a new study conducted by Together. It revealed that more than half of borrowers were rejected for lifestyle choices including being self-employed or buying a converted home. In fact, 54% of mortgage applications had been denied […]

    Go to Top