Do you know how our criteria on completion works?
The case study below illustrates how our unique approach to assessing the credit profile of prospective borrowers cannot only enable them to borrow more, but also save them thousands of pounds in interest.
|Mortgage Details||Credit Profile|
|Purchase Price: £250,000
Loan Required: £187,500 (75%)
5 Year fixed rate (25 yr term)
|2x unsatisfied CCJs
Registered 7 months ago: £3,736
Registered 33 months ago: £1,204
|Sourcing Results*||Criteria on Completion|
|5.96% 5 yr fixed rate (Credit Category ‘A’)
|4.65% 5yr fixed rate (Credit Category ‘AA’)
Not only does our criteria on completion mean that an applicant might be able to move into a different credit tier, it can save them thousands of pounds; giving them a better opportunity to afford their dream home.
*Criteria on date of application
**Based on an example from 22/11/21 and a completion date of 22/02/21
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