Scenario
Declined by the bank? It is not over
A decline from your bank feels final, but it usually just means the deal did not fit that one lender's box on that day. Banks have narrow, rigid criteria. The wider market does not.
Sound familiar?
- The bank said no with little explanation
- Your deal is complex, mixed-security or simply outside the bank's appetite
- You are running out of time on a purchase or refinance
- You do not know which lender to try next
How Finstead helps
- Finstead reviews why the deal was declined and takes it to the lenders on our panel whose appetite actually fits.
- We restructure where needed so the deal presents well, then manage the application through to approval.
- One application reaches many lenders, including specialist and private credit the banks cannot match.
Finance that suits
A deal like this
An anonymised example Finstead arranged.
Frequently asked questions
Lenders have different appetites, risk models and specialisations. A deal that is wrong for a major bank can be exactly right for a non-bank or specialist lender on the panel.