We’re getting some very positive feedback about the changes to the way we view missed payments.  We now only consider the number of missed payments rather than the worst status which is helping advisers help more customers.

Here’s a real life case study to illustrate the impact of this change:

“Mr F was made redundant 4 years ago and as a direct result was unable to make all his mortgage payments. Although he made small payments during this time and his account is now up to date, his credit report showed a Status 3 in the last 12 months and Status 6 within the last 13-24 months.”

Previously we would have declined this application as we would have classed the status 3’s within the last 12 months as a missed payment and allowed for a maximum of status 4 in months 13-24.

As payments have been made continually in last 12 months and Mr F has only missed one additional payment in months 13-24 we’re happy to approve this application on our AAA Product range.

Log in to Bluelink for a quick quote or read our product guide for more details.

If you’ve got an enquiry or something similar sitting on your desk and you’d like to talk it through, give us a call today on 0800 368 1833.