The Cambridge can accept mortgage applications form applicants who don’t have a perfect credit score.
At the Cambridge we listen and we make the decisions, not our computers which means we can credit search not score, and look at your customers credit report individually.
Not everyone has a clear credit history, and at The Cambridge we recognise that your customers may need some flexibility when purchasing a new home, buy to let or remortgaging an existing.
That’s why we have 3 Credit Assist mortgage products to provide solutions for you:
Residential
Credit Assist
- Up to 85% LTV
- Up to £400,000
- Up to 5 missed unsecured credit payments from in the last 2 years*
- Up to 2 defaults with a combined value of £100, outstanding or satisfied within the last 2 years
- No early redemption penalty on our discounted range
Credit Assist Extra
- Up to 70% LTV
- Up to £400,000
- 3 or more missed loan payments in the last 2 years
- 5 or more missed payments on unsecured credit the last 2 years*
- 1-2 missed secured payments within the last 2 years
- Defaults or CCJ up to £5,000 outstanding or satisfied within the last 3 years
- Payday loans considered if over 12 months ago
- No early redemption penalty on our discounted range
Buy To Let
BTL Credit Assist
- Up to 75% LTV
- Up to £400,000
- up to 5 missed payments on unsecured credit payments in the last 2 years*
- Up to 2 defaults with a combined value of £100, outstanding or satisfied within the last 2 years
- No early redemption penalty on our discounted range
* defined as; credit cards, mail orders, utilities or communications