Resi 6
A solution for clients with a small credit blip more than 6 months ago.
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Suitable for...
Applicants with a small credit blip more than 6 months ago
Applicants who are moving home
Applicants who are remortgaging
Lending criteria
DMP active in last 12 months considered
Default, unsecured payment arrears and CCJs considered
No minimum income requirement
Minimum loan amount £25k
Further lending criteria
Arrears
- Secured loan arrears acceptable if older than 3 months, and no more than 1 in the last 24 months
- Unsecured credit arrears acceptable if accounts are now up to date (no max status). If current/existing arrears are present, all payments must have been made 6 months prior to application
CCJs
- Acceptable if older than 6 months
- Maximum of 1 registered in the last 24 months
- Total amount must be no greater than £1,000
Defaults
- Acceptable if older than 6 months
- Maximum of 1 in the last 24 months
- Total amount must be no greater than £1,500
Unsecured credit arrears
- Unsecured credit arrears acceptable if accounts are now up to date (no max status). If current/existing arrears are present, all payments must have been made 6 months prior to application