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Adverse Credit

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Application β†’ All guides

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A - Z of Application criteria
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Deposit sources
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Direct Debits
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Early repayment charges
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Expanded higher LTV criteria (95% LTV)
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Interest
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Loan to income multiples
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Loan purpose
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Loan size
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Location
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Maximum LTV
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Mortgage Term
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Offer validity
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Overpayments
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Payment holidays
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Porting
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Rate switches
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Remortgage & Additional Borrowing
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Repayment methods
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Adverse Credit
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Age
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Applicants
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Asylum Seekers
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Boosters
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Commitments & Expenditure
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Customer Verification
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Dependants
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Expat
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First-Time Buyer
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Home Movers
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Non UK Nationals
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Overseas applicants
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Owners
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Retirement
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Students
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Vulnerable Customers

Income and employment β†’ All guides

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A - Z of Income types
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Benefit income
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Contract workers
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Employed
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Foreign currency income
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Holiday Lets
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Minimum incomes
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Other income types
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Parental Leave
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Pay increases
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Pension
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Piecework
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Rental income
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Retirement income
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Self Employed
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Stipend Income
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A - Z of Property types
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A - Z of Purchasing schemes
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Bedroom count
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Construction types
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Current value
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Discounted purchase price
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Flood Risk
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Help to Buy
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Leasehold
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New builds
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New Build; Incentives & Part Exchange
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Property Charges
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Property values
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Retentions
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Tenure types
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Valuations

Packaging guide β†’ All guides

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Employed income
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Investment income
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Maintenance income
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Parental Leave
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Rental income
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Self-employed income
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Sole traders income
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Address verification
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Additional support
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Identification
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Miscellaneous
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Occupier’s consent
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Proof of deposit
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Retirement plans and pension

Completions

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Conveyancing
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ILA

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Privacy notice

Adverse Credit

All borrowers (Home Owners and Income Boosters) are credit checked. A fully submitted mortgage application will leave a hard credit footprint.

Any individuals that are associated to the owner(s) through continuing linked finances, marriage or civil partnerships must be added to the application as an owner. Each owner is subject to the same checks, whether contributing to the mortgage or not.

A credit report provides 6 years worth of credit history.

For further guidance on credit please refer to ourΒ Credit FAQ page.

CCJs (Country Court Judgements)

CCJ = An account registered as a CCJ

  • CCJ’s that have been active within the last 3 years >Β£100 are not acceptable
  • CCJ’s satisfied within the last 3 years <=Β£100 can be considered where supported by a strong rationale
  • CCJ’s satisfied more than 3 years ago can be considered

Defaults

Default = An account in a defaulted status

  • Defaults that have been active within the last 3 years >Β£100 are not acceptable
  • Defaults within the last 3 years <=Β£100 can be considered subject to Underwriter assessment and approval
  • Defaults satisfied more than 3 years ago can be considered

An account in a defaulted state will only not be classed as a default when:

  • The default is settled (Has a settled or partial settled marker)
  • The account default status is removed

Payday Loans

  • No active Payday loans within 6 months.

Payment Holidays

  • Secured Debt – Mortgages must be back to repaying full instalments
  • Unsecured Debt – case will be declined if there is a payment holiday within the last 6 months.

Missed Payments

Within the last 3 months

  • Mortgage payments: No mortgages to have missed a payment
  • Unsecured lending: No financial agreement to be more than 1 month in arrears

Within the last 3 years

  • Mortgage payments: No mortgage to be more than 1 month in arrears
  • Unsecured lending: No financial agreement to be more than 1 month in arrears (Arrears balances <Β£100, ≀3 months in arrears may be considered subject to Underwriter assessment and approval)

Unaccepted Adverse

Customers who have entered into in the last 6 years (or intend to enter) one of the following are not acceptable:

  • Bankruptcy/ Sequestration Order
  • Individual Voluntary Arrangement (IVA) / Trust Deed
  • Debt Management Plan (DMP)
  • Administration Order
  • Debt Relief Order