Impaired credit - Jun 10, 2019

Credit slip-ups might affect a buy-to-let landlord’s options when it comes to new lending. When these clients fail to meet high-street requirements, TBMC can help with access to specialist lenders geared for these otherwise suitable applicants.

 

Lenders usually give a clear breakdown of the adverse limits they will accept. Checking your client’s credit report gives you the facts needed to source the right lender before adding any unnecessary credit searches to their current file. Things to consider:

 

CCJs, defaults, mortgage and credit arrears:

·        how many

·        current status

·        when were they incurred

 

Debt management plans, payday loans and bankruptcy:

·        when were they registered

·        satisfactory conduct

·        Often these scenarios are subject to the underwriter’s discretion.

 

Lenders like Foundation Homeloans, Bluestone and Together Money can offer solutions through tiered product ranges defined by your client’s credit profile.

 

If you have any tricky buy-to-let cases that you would like to discuss with an experienced specialist, TBMC can help you place the applications with suitable lenders for your landlord clients.


 

TBMC's Online Application Form

TBMC's Online Application Form for buy-to-let mortgages is designed to make your life easier by simplifying the application process and saving you time.

Learn more

Contact us

Contact our team to discuss any enquiries you may have on:

Opening hours

Monday: 9am to 5pm
Tuesday: 9am to 5pm
Wednesday: 9am to 5pm
Thursday: 9am to 5pm
Friday: 9am to 5pm
Saturday: Closed
Sunday: Closed

E: sales@tbmc.co.uk
T: 029 2069 5400 Option 1

Sourcing and Quotation System