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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 / Repossession / Debt Relief Order / Debt Management Plan

Applications will be declined if any applicant has been declared bankrupt, is subject to an outstanding Bankruptcy Restriction Order, has entered into an Individual Voluntary Arrangement (IVA), Debt Relief Order, or Debt Management Plan, or has experienced a repossession within the last six years.

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