According to research published by Mortgage Introducer (July 2022), 10% of people who were planning to buy a property within the next 12 months had missed a major bill payment during the previous two years.
Ten months later, Which? (May 2023) reported that 700,000 households had missed their rent or mortgage payment in April.
Is it any wonder that ‘missed credit payments’ has become the No1 searched criterion by intermediaries (TMA Club, August 2023)?
Our Credit Flex mortgage product is designed to help people who are suffering the fallout of adverse credit. It’s for first time buyers, applicants who are looking to move, and people who are seeking to remortgage (after at least six months of ownership). What’s more, we can consider borrowers with histories of CCJs, IVAs, and even bankruptcy.
And importantly, Credit Flex applications are reviewed by people – not algorithms. People who love to say ‘yes’.
We recently said ‘yes’ to Mr & Mrs Jones, for example, who had missed several credit card payments within the last four years, including three within the last 12 months.
Credit Flex epitomises Hinckley & Rugby’s flexible and open-minded approach to lending, and it could be exactly the right solution for even your most challenging cases. See full criteria by clicking below.
If you have clients who you feel could benefit from these updates, why not give us a shout and see what we can offer? We’re keen to help these skilled workers buy their own homes, and our team is here waiting to take your call – in less than 5 seconds!
We are continually making improvements to our products and criteria, which could deliver just what you’re looking for. To be notified on the day of any changes to our product range, and to be first to hear about important updates, sign up for our newsletter – and you will get this information directly to your inbox.