Arrears (unsecured)
Our standard acceptability
Acceptable
Criteria definition:
Indicates if we are able to potentially accept Buy to Let applications where one or more applicant(s) has a history of unsecured loan arrears.
Policy Notes:
Any existing mortgage/rent/loan must be up to date at the time of application. A maximum of one month’s arrears within the last 12 months will be allowed, provided the account is currently up to date. An explanation of any arrears will be required.
Warning Notes:
- Adverse
- Arrears and Debt Management Plans
Last updated:
29 August 2018