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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Adverse credit

CCJs/defaults

​Applicants with County Court Judgments (CCJs) and defaults can be considered, subject to credit score and possible underwriter referral. Any CCJs/defaults registered within the last 6 years (regardless of whether they are still outstanding or repaid) must be disclosed.

Applicants will be automatically declined when the following is applicable: 

  • Outstanding CCJ greater than £100 registered in the last 6 years.
  • Satisfied CCJ greater than £500 registered in the last 6 years.
  • Default greater than £100 registered in the last 12 months.
  • Default greater than £500 registered in the last 3 years.
  • Two or more defaults, with the latest registered in the last 3 years.

Arrears

Applicants with arrears can be considered subject to credit score and possible underwriter referral. Mortgage arrears of 1 month or more within the last 6 years must be disclosed. Arrears for any other debt of 2 months or more within the last 6 years must be disclosed.

Applicants will be automatically declined when the following is applicable:

  • Two months or more late with payments on other individual debts identified via the credit search in the last 6 months.
  • One month or more late with mortgage payment greater than £100 in the last 12 months.

Bankruptcy / IVA / Debt Relief Order / Debt Management Plan

If any applicant has been in a state of bankruptcy, still have an outstanding bankruptcy restriction order against them, or been subject to an IVA, debt relief order or debt management plan within the last 6 years, applications will be declined.

The applicant needs to have been discharged for a minimum of 6 years for us to consider the application.