Do you remember the days when Mortgage Lending was straightforward? Nor do we. This year alone, we’ve seen the UK grappling with inflation, with many facing the daunting task of keeping up with their commitments. Those who end up with defaults or CCJs may find it challenging to secure a mortgage. So, how do you deal with your adverse customers?
“I’ve got a customer with 4 recently registered defaults. Can I place them at Bluestone?”
Yes, you absolutely can! We can accept up to four registered defaults in the last 36 months and registered as recent as 2 months ago as our criteria is based upon completion. We can also ignore all defaults under £300 and those registered over 3 years.
“My customer has 3 CCJs registered. Can they get a mortgage?”
Although other high-street lenders will shy away from cases like this, we can accept up to three registered CCJs in the last 36 months. We can also ignore all CCJ’s under £300 and any CCJs registered over 3 years.
We pride ourselves on being able to offer mortgage products to those who’ve encountered unforeseen financial issues in the past. We understand that these are explainable events that shouldn’t mean that they aren’t able to achieve their home ownership dreams. If you’re wondering how you can serve a growing market of adverse cases but aren’t sure where to start – we can help. Give us a call on 0800 368 1833, or alternatively request a call back here.
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