There are many reasons why your clients might fail another lenders credit score, and a cash flow crisis is just one of those. Working with a specialist lender that can look beyond a score, can help you to secure an affordable mortgage solution and hopefully a happy client.
According to the Chartered Institute of Credit Management more than 27% of invoices are paid late. The consequences of being paid late, or not at all, is felt most hard when it comes to meeting regular outgoings, with failure to do so negatively impacting credit records.
However, a low credit score doesn’t always have to mean a significantly more expensive mortgage. According to latest figures, the cost difference between Pepper Money’s lowest 2 year fixed rate on Pepper 48 and a NatWest fixed rate mortgage works out at less than a takeaway.
In this article, Pepper Money look at issues surrounding cash flow and how specialist lenders can help.
