Life events are outside of our control and can have a negative impact on credit profile. That’s why we take the time to listen, understand and adopt a common-sense approach to the circumstances.
County Court Judgements (CCJs)
- All CCJ’s SATISFIED >3 years, irrespective of value are acceptable
- 1 CCJ satisfied <3 years, <£500 and not credit related (not linked to mortgage, loans or revolving credit), such as a mobile bills or parking fine.
- The CCJ must be satisfied > 3 months ago.
- The exception being a single private car parking fine, cleared by application.
Defaults
- All Defaults SETTLED >3yrs ago, irrespective of value are acceptable.
- Maximum 2 defaults <3yrs. Under £1k total and not credit related (not linked to mortgage, loans or revolving credit), such as a utility bill or mobile phone airtime.
Bankruptcy – Discharged >6 years ago
IVA’s – Discharged >3yrs ago
Debt Management Plans – Settled over 2 years
Missed Payments
- Non-credit related – Max status 3, minimum of 3 months up-to-date.
- Linked to Mortgage, Loan or Second Charge – Max status 2 within last 2 years, minimum of 6 months up-to-date.
Subject to underwriting and valuation. Beverley Building Society is committed to serving the underserved.
The Business Development Team
Tel: 01482 881510. Email: intermediaries@beverleybs.co.uk