Help your client get back on track with our new mortgage products.
To assist your clients who may have a more challenging credit history, we’re making amendments to our Lending Policy to allow lending where there is adverse credit (which does not amount to “credit-impaired”) on the following terms:
Type | Criteria |
| IVA & Bankruptcy | None outstanding in the last 3 years |
| CCJs satisfied/unsatisfied | Maximum 1 in last 3 years not exceeding £500 |
| Property repossession | None in last 6 years |
| Registered defaults | None outstanding in last 2 years, Up to 1 default with max value of £100 |
| Debt management plans | None outstanding in last 12 months |
| Missed mortgage/loan payments | No more than 2 consecutive in last 2 years. None in last 3 months |
| Missed credit/store cards | No more than 2 consecutive in last 2 years. Max missed 2 payments overall in last 6 months |
| Maximum LTV | Limited to 80% |
| Maximum LTI | Limited to x 4.5 |
We’re launching two new products in line with this alternative qualifying criteria:
2 Year Variable Rate
- 80% LTV
- For Home Purchase & Remortgage
- (Issue 443)
2 Year Variable Rate
- 60% LTV
- For Home Purchase & Remortgage
- (Issue 444)
Get in touch
For more info call TFI on 0800 378 669
