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One of our Top Lenders are Saying…

 Adverse Credit??? 

We are currently in receipt of a number of enquiries over the last few weeks where the client(s) have had relatively recent adverse, and they initially felt as though they had no way of getting on or taking their next step on the property ladder. 

 

Here’s where we currently win an awful lot of business in Scotland a maximum LTV of 80% within our level 3 product range which would count for both residential purchases and remortgages:

 

  • No defaults /CCJs registered in the last 6 months (doesn’t have to have been satisfied or be being satisfied, no monetary value cap)
  • Trust Deed/IVA discharged for 1+ years 
  • Worst case status 3 on an unsecured loan within the last 12 months
  • Client(s) currently in a Debt Arrangement Scheme (DAS) that has been maintained for at least the last 12 months
  • No set criteria on utilities
  • No set criteria on credit cards

 

Don’t forget:

  • Latest years income for self-employed considered
  • Lending up to 75 with no proof of pension (aged 55 or below at time of application)
  • Free valuation / use of Home Report
  • Up to 5.5x income if £60k or more worth of income on the application

 

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