Every customer’s circumstances are different. Our Beyond the Score illustrative example shows how looking beyond a credit score or a single event can help build a fuller picture of affordability today.
While every application is assessed on its own merits, they demonstrate the types of conversations that could be worth having with Bluestone Mortgages.
After going through divorces earlier in life, this couple had each picked up some adverse credit. When they came together to buy a home, one historic default was still visible on their credit file – something that could have made a mainstream application more difficult.
But their current circumstances told a much stronger story.
Both applicants were in stable employment, with a combined income of around £70,000. They had also maintained consistent rent payments for the previous two years and were buying with support from a gifted deposit.
Bluestone Mortgages looked beyond the historic default to assess the case as it stands today. With a low loan-to-income ratio and a clear record of affordability, we were able to support a £189,000 mortgage at 90% LTV.
The outcome: a home purchase made possible by looking at the full picture, not one difficult period in the past.
Illustrative example only.
Specialist lending is about understanding people, not just data.
Our experienced underwriters take a common-sense approach, looking at the full picture rather than relying solely on credit scoring. It’s an approach that helps us support customers whose circumstances may have changed, whose finances are more complex, or whose story deserves a closer look.
We’re here to help you find solutions for the cases others might overlook.
Got a client in mind? Start the conversation.
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