Debt Related: Payday loan (previous)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially accept a Buy to Let application from a borrower who has had a payday loan in the past but is not currently in a payday loan credit agreement.

Policy Notes:

We do not accept applications from applicants who have taken a payday loan.

Outside Notes:

Please refer applicants where a payday loan hasn't been used for at least 12 months. Evidence of the satisfactory conduct of the applicant's current account will be required.

Warning Notes:

Criteria categories :
  • Applicant
  • General
Criteria topics :

Last updated:

29 August 2018