Product & Credit Criteria
Residential Credit History
| Criteria | Select | Core | Resi 12 | Resi 6 |
| Ranges | Select Residential, eKo, Tracker, Hero, Professionals, Shared
Ownership, Own New Rate Reducer | Core Residential, Help to Buy Remortgage, Help to Buy Wales, Right to Buy | Resi 12 | Resi 6 |
| Defaults acceptable (if older than) | 36 months No limit on number or value | 24 months No limit on number or value | 0 in 12 months 1 in last 24 months Max of £1,500 | 0 in 6 months 1 in last 24 months Max of £1,500 |
| Secured loan/rent missed payments acceptable (if older than) | 36 months | 24 months | 0 in 12 months Worst status 1 in 24 months | 0 in 3 months Worst status 1 in 24 months |
| CCJs | 36 months 72 months for loans above 90% LTV No limit on number or value Unsatisfied CCJ’s will be accepted at the underwriter's discretion | 24 months No limit on number or value Unsatisfied CCJ’s will be accepted at the underwriter's discretion | 0 in 12 months (registered)
1 in last 24 months
Max of £1,000 | 0 in 6 months (registered) 1 in last 24 months Max of £1,000 |
| Unsecured credit arrears acceptable if | Max status of 2 in last 12 months (accounts must now be up to date) | Max status of 2 in last 12 months (accounts must now be up to date) | Max status of 2 in last 12 months (accounts must now be up to date) | No max status Last 6 months of payments must have been made |
| Debt management plans (DMPs) acceptable with a track record of | 12 months | 12 months | 12 months | 12 months |
| No payday loans, taken out within the last | 12 months | 12 months | 12 months | 6 months |
Important bankruptcy update: We can accept
customers that have not been, in the last 6 years, subject
to proceedings for Bankruptcy/ Sequestration or an
Individual Voluntary Arrangement (IVA)/ Protected Trust
Deed, Debt Arrangement Scheme (DAS) and/or Debt
Relief Order (DRO) and must be satisfied/discharged and
no longer showing on credit bureau.
Communication/Insurance/Bank Account and utility defaults: We don't take into account Communication/Insurance defaults. Utility defaults up to a combined
£250 can be ignored. Bank Account defaults/arrears subject to underwriter discretion.