A mortgage is usually declined when a bank is unable to approve the application based on its lending criteria. Common reasons include credit score, existing debts, income stability, employment history, or property eligibility.
Because each bank applies its own assessment rules, a decline from one bank does not necessarily mean the same outcome with another.
After a decline, reapplication may be possible if there is a clear change to the profile or loan structure, such as improved affordability or selecting a different bank.
To understand the specific decline reasons and explore available next steps, you can book a call with a PRYPCO Mortgage Advisor, who can review the case and advise accordingly.