Home Mortgage Rejected by HSBC & Halifax, is it likely that I will be accepted one?
Our offer of £315,000 on a house was accepted and currently trying to apply for a mortgage. However, we were rejected by both HSBC and Halifax.
Some basic information of my situation:
Income: £60,000
Dependent: wife and 2 toddlers
Credit score: 800 (no missing payments on credit card and utilities bill)
financial status: no debt and any loan here in the UK. Have a property abroad with a monthly mortgage of £750 but only need to pay £250 as the other £500 is covered by family living there
visa status: Skilled worker visa. Have been living in the UK for 8 months now.
House offer price: £315,000
Deposit: 25%, money currently in the UK savings account
Halifax rejected my mortgage application mentioning that they are concerned about my other housing mortgage abroad. HSBC rejected my application as I am yet to live in the UK for a year (salary need to be above 75k to get a mortgage with them while living less than a year in the UK). I am wondering if my case will be rejected by most lenders or if anyone can suggest some other lenders that I can try my luck with? Thanks.
P.S: I have a mortgage broker and he is trying the application with Nationwide now.