Months passed where Mortgage Arrears can be ignored
Our standard acceptability
24
Criteria definition:
Indicates if we can potentially ignore mortgage arrears that are historic and if so at what point they can potentially be ignored when assessing residential mortgage applications.
Policy Notes:
Family Building Society can potentially ignore previous mortgage arrears that are older than 24 months old subject to a satisfactory explanation.
Criteria categories:- Adverse
- Arrears and Debt Management Plans
Last updated:
25 March 2020